Southern Cross News
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Private-equity firms including Carlyle Group LP, Pantheon Ventures LLP and Victoria Capital Partners LP are opening offices in Colombia and Peru to find deals as economic growth there outpaces Brazil’s.
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Ten Network Holdings Ltd., the Australian television company which counts Lachlan Murdoch as chairman, posted a record first-half loss as it wrote down its broadcast license amid a ratings slump.
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Southern Cross Media Group Ltd., Australia’s largest listed rural broadcaster, rose to a 22-month high in Sydney trading after The Australian reported its board met about a potential merger with Nine Entertainment Co.
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Southern Cross Media Group Ltd., owner of the Sydney radio station that made a hoax call to a London hospital about the Duchess of Cambridge, said fallout from the incident has cost it A$3.6 million ($3.7 million).
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For buyers as diverse as Rupert Murdoch’s eldest son Lachlan and rural broadcaster Southern Cross Media Group Ltd., there’s no cheaper media target in Australia than Ten Network Holdings Ltd.
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Seven West Media Ltd. and Nine Entertainment Co., Australia’s two largest free-to-air broadcasters, may be allowed to take over smaller networks if a government committee approves potential changes to media rules.
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The Australian radio station that made a hoax call to a London hospital about the Duchess of Cambridge said it’s canceling the show and will cooperate with authorities after a nurse who answered the phone was found dead.
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Prime Minister David Cameron gave a guarantee that elderly people in residences run by Southern Cross Healthcare Plc won’t lose their care as Britain’s biggest operator of such homes struggles to reverse losses.
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Argentine businessman Eduardo Eurnekian will pay $200 million to Southern Cross Group for a 81 percent stake in the local oil producer Compania General de Combustible, newspaper Clarin reported.
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Argentine private equity firm Southern Cross Group acquired a 78 percent stake in shipbuilder and river boat operator Ultrapetrol Ltd, Clarin reported today, without saying how it got the information.
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