It’s done
Done deal: SWM officially absorbed by SCA in completed takeover
Wonder though what this means for the staff at SWM? Surely redundancies are on the way…
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There sure are and will be. We just may not know about them yet.
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ASX announcements from both Seven West and Southern Cross
Shared info from both announcements:
The Scheme of Arrangement under which Southern Cross Media Group Limited (ASX:SXL) (“Southern Cross”) proposed to acquire all of the issued shares in Seven West Media Limited (ASX:SWM) has been implemented today. Accordingly, Southern Cross now holds all of the shares on issue in SWM.
Scheme Consideration
SWM shareholders have now received the scheme consideration of 0.1552 Southern Cross shares for each SWM share held at 7:00pm (Sydney time) on 30 December 2025.
The new Southern Cross shares will commence trading on an ordinary settlement basis on 8 January 2026.
Plus extra info from Seven’s announcement:
Delisting of SWM
Trading in SWM shares on the ASX was suspended at the close of trading on 24 December 2025 as previously announced. SWM intends to apply for termination of the quotation of SWM shares and its removal from the official list of the ASX. It is expected that SWM will be delisted from ASX with effect from 8 January 2026.This announcement has been authorised to be given to ASX by the Board of Seven West Media.
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It’ll be interesting to see the ultimate organisation of different parts of the company, whether we’ll see Seven Network, “Seven Publishing” and SCA Radio as divisions of Southern Cross Media Group, similar to Nine Entertainment, or something different.
They’ve been very quiet on how things will look so far.
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Just call the whole thing the SC Titanic. Because they’ll be rearranging the deck chairs. 
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SCT Media Does have a ring to it. lol
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I consider Southern Crosses market value well over what I would pay (prob 40-45 cents).
With the Seven merger, the value per share is effectively the same because of the shares issued. The real value will come if they can restructure the enterprise into a real dividend-producing entity like Nine which they would have to do through synergies and minimising debt to provide some breathing room for ongoing dividends which would then provide an environment for price appreciation from the market.
As for that screenshot, 2 per cent is only a negligible change not something to write home about.
I agree.. we shall see what happens in coming days… however you would think today’s price should UP not DOWN
That would presume synergies which will take at least 12 months you’d think the flow through to results.
There’s likely to be shareholders who want to exit too which will push the price lower
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Sandon have sold a bit already so they might continue dropping the rest of the 5.5 per cent they currently hold in the coming months.
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Presumably you’d want to start announcing some of those plans though to give investors an idea there is a plan - this whole thing seemed rushed.
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I might be impatient here, but you’d think there would be some form of effort to get a new website up and running to express to investors that hey, the merger is done, and more importantly, what the direction of the new company is meant to be.
I get the merger literally just closed, but it’s just the little things.
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Probably one of the last things on there to do list.
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From Radio Today looks like SCM are going to play hard ball with the ACMA regarding the divesting of commercial radio or Television licences the ACMA only agreed to the merger If SCM divested licences In the effected areas - I can see a nice bit fight brewing:
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I wouldn’t be surprised if not much happens until after the board changes in February
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Besides they may also want to put to vote a rebrand of the business and acquire the correct domains before dumping resources into a web site.
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