Just as a side note, The Australian has an article in todays...

Just as a side note, The Australian has an article in todays paper quoting Southern Cross Media boss Grant Blackley as saying that they are on the hunt for acquisitions after the company defied gloom by posting an 11.8 percent increase in profit to $48.5 million.

Southern Cross is also constrained in what it can buy by the current media ownership laws that we all know so well. The law restricts them from owning any more metro radio stations.

Not sure if you remember but I made a post a few months back regarding another article from The Australian about rumours that PRT was in discussions with its competitor Southern Cross Media about making some sort of deal.


Rumours are quite often just rumours but it's interesting that Southern Cross are making it public that they are on the look out for more media acquisitions.