Southern Cross Austereo

Southern Cross Media Group Limited, doing business as Southern Cross Austereo, is an Australian media company which operates broadcast radio and television stations. It is the largest radio broadcaster in Australia, operating 86 radio stations, and has a reach into every state and territory. The company is headquartered in South Melbourne. It was founded in 2004 as a subsidiary of Macquarie Bank for the purpose of acquiring regional radio stations, before expanding into television broadcasting in 2007 with the acquisition of Southern Cross Broadcasting. It also operates the LISTNR platform in Australia. History 2004–05: RG Capital & DMG Regional Radio acquisitions On 3 June 2004, Macquarie Bank announced it would acquire RG Capital Radio for $173 million, gaining control of 36 radio stations in New South Wales, Queensland, Victoria and Tasmania. The Federal Court of Australia approved the acquisition in August 2004, with the stations to be operated through the company's Regional Media Limited subsidiary, trading as Macquarie Regional RadioWorks. The acquisition was finalised on 1 September 2004.