Highlights

• Southern Cross Media has revised FY26 group revenue guidance down to $1,860-$1,870 million from $1,910-$1,920 million, with underlying EBITDA guidance cut to $185-$190 million from $200-$220 million, primarily driven by deterioration in the TV advertising market in the fourth quarter.
• The company has launched a comprehensive cost reduction programme targeting annual run-rate benefits of $145-$150 million upon completion, including merger synergies of $30 million already delivered; the programme will result in 250-300 full-time employee departures before 30 June 2026, generating a $20 million restructuring charge.
• A non-cash onerous contract provision of $65-$70 million on…