Southern Cross Austereo bullish after TV revenue jumps 31% in first quarter
Southern Cross Austereo has maintained its profit guidance for the first half of the year after revenues climbed 12% in the first quarter.
Speaking at the firm’s annual general meeting today, chief executive Grant Blackley said metro advertising revenue increased 5% compared with the previous corresponding period while TV revenues saw a sharp rise of 31%.
The increase reflects the “landmark” affiliate deal that SCA signed with Nine in April.
