Unless mods wish to move discussions into this thread: a summary of stories so far
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March 18—Pacific Star Network, owners of SEN, request a trading halt.
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March 20—Pacific Star Network shares are suspended until April 3.
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March 23—Southern Cross Austereo (Company) is placed into a trading halt.
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March 24—SCA announces cuts to staff pay and incentives.
ARN Melbourne is locked down after a staffer tests positive to COVID-19. -
March 25—SCA shares are suspended until April 3.
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April 1—Grant Broadcasters make an undisclosed number of redundancies, executives to take pay cuts. Departures include 3BA PD Garrath Cockerell
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April 2—Shows on the Triple M and Hit Network cancel their Easter survey break.
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April 3—Commercial Radio Australia announce a suspension of the 2020 GfK radio ratings survey. Metro surveys will be suspended after Survey 2, out April 16. Newcastle, Canberra and Gold Coast surveys will be suspended after Survey 1.
SCA share suspension is extended until April 8.
Pacific Star share suspension is extended until April 17.
Nova Network suspend Easter survey break. -
April 6—Despite parent company HT&E holding $111m in net cash reserves, ARN cuts staff hours and pay. CEO and management taking a 20% pay cut.
SCA secure equity of $170m.