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Southern Cross Media merges with Triple M and Hit networks

PRIVATEOct 09, 2026

Acquiring Company

Southern Cross Media Group Ltd

Acquired Company

Triple M and Hit radio networks

MelbourneSydneyMedia And EntertainmentBroadcastingMedia And EntertainmentMusicSatellite CommunicationBroadcasting

Description

Southern Cross Media Group Ltd has successfully merged with the Triple M and Hit radio networks, aiming to leverage scale for revenue savings. The first year following the merger shows significant revenue growth despite initial restructuring costs. The merger is anticipated to unlock operational efficiencies and improve profitability over time.

Company Information

Company

Southern Cross Media Group Ltd

Location

Melbourne, Victoria, Australia

About

Southern Cross Media Group Ltd operates in the communication services sector, owning notable radio networks such as Triple M and Hit. It also has a free-to-air television network and a streaming service. The company focuses on delivering media content to various audiences across Australia. Its recent merger has aimed to optimize costs and enhance revenue generation.

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Frequently asked

Who acquired Triple M and Hit radio networks?

Triple M and Hit radio networks was acquired by Southern Cross Media Group Ltd, based in Melbourne. The deal was reported on October 9, 2026. Southern Cross Media Group Ltd operates in the communication services sector, owning notable radio networks such as Triple M and Hit. It also has a free-to-air television network and a streaming service. Southern Cross Media Group Ltd is privately held and operates in Media And Entertainment.

When did Southern Cross Media Group Ltd acquire Triple M and Hit radio networks?

Southern Cross Media Group Ltd's acquisition of Triple M and Hit radio networks was reported on October 9, 2026. Southern Cross Media Group Ltd has successfully merged with the Triple M and Hit radio networks, aiming to leverage scale for revenue savings. The first year following the merger shows significant revenue growth despite initial restructuring costs. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Triple M and Hit radio networks do?

Triple M and Hit are prominent radio networks in Australia, offering a variety of audio programming. They target diverse demographics, particularly focusing on key age groups for advertisers. It is privately held, operating in Media And Entertainment, and is based in Sydney.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.