Catalano slams SCA activist investor over vote meddling

Hal Crawford

May 21, 2025 10:52

Media owner Antony Catalano has attacked activist investor Sandon Capital over a tactical manoeuvre that may help unseat the Southern Cross Austereo board.

Last week Sandon, which owns just over 5% of SCA, applied for permission for fellow shareholder and SCA competitor ARN to use its full vote in a board member spill.

Antony Catalano

ARN is not allowed to do that because it broke ownership rules in acquiring a chunk of its 14.8% SCA holding last year.

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Hal Crawford

Crawford has worked across news media over a 30-year career, including running Ninemsn editorial in Sydney (editor-in-chief and publisher) and the TV3 newsroom in Auckland (chief news officer).

Topics

Antony Catalano Heith Heith Mackay-Cruise Marina Go Sandon Capital SCA Southern Cross Austereo

1 COMMENTS

Steve 21 May 25

If there is a legal mechanism for Sandon to apply to use ARN’s voting power, then, it is not illegal behavior. Strong words need to be based in fact.

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Catalano slams SCA activist investor over vote meddling

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