ACM looks to sell print and digital publications to SCA

Nathan Jolly

May 28, 2024 12:40

Australian Community Media (ACM) has approached the Southern Cross Media Group with a proposal for SCA to acquire a portfolio of its print and digital publications.

According to an ASX update issued on Tuesday, ACM is proposing SCA purchase 14 daily print and digital news publications, key regional/metro titles, and its agriculture division.

The proposal is “materially different to ACM’s previous proposal that was rejected by SCA in November 2023,” according to the listing. This refers to a proposed merger of the two groups.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.