Interesting possible scenario there.
Given that SCA no longer owns a TV licence in Northern NSW since they sold it to WIN, they could buy radio stations in Tamworth, Armidale, Inverell, Moree, Gunnedah, Taree, Grafton, Lismore & Gympie as soon as Caralis is willing to sell them. They can also buy 2DU/Zoo FM in Dubbo, and then divest 2DU to someone else to comply with the “2 station” rule.
As for the AM stations in Orange, Port Macquarie & Coffs Harbour, as well as Radio 97, 4AK, 4WK, and stations in Parkes, Mudgee & Young, it would be owned by someone else due to the following factors:
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SCA already owns stations within the market. In Radio 97’s case, its licence area has a overlap of over 65% in the Gold Coast licence area, where SCA already owns 2 radio stations.
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There is only 4 media voices in the market at present. That’s unless Nine were to buy the SCA’s Nine affiliate stations, in which SCA can then buy the Parkes, Mudgee & Young radio stations.
Nevertheless, it is quite a scary prospect for regional commercial radio in Australia, in which SCA would own close to 100 commercial radio stations around the country. It would make regional commercial radio even more boring than it already is.