SCA addresses 2DayFM’s 2.9% hit head-on, with Matthew O’Reilly backing their Sydney slump.
They argued it is stronger, leaner and strategically primed for one of the biggest media combinations in years.
It'll offer marketers streamlined access to 14.7M listeners across major radio networks.
The move clears the way for one of the most significant restructures in Australia’s broadcast landscape in years.
The report says SCA shareholders will benefit from "exposure to a larger, more diversified asset base".
The move is aimed at pumping new life into digital and diverse audiences.
When asked if the restructure was directly related to the recent redundancies, sources offered a pointed and simple "yes".
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Chief operating officer Michael Stephenson will take over as CEO.
The deal adds more than 300 award-winning podcasts to LiSTNR and giving Australian advertisers access to premium global content.
His return to the network will kick off in October.
The ACMA has found four Triple M licensees breached the Commercial Radio Code of Practice over sexist comments made on-air about women’s...
