Southern Cross Media Group (formerly
Macquarie Media Group) is one of
Australia's major media companies. On 3 July 2007
Southern Cross Broadcasting recommended Macquarie Media Group's offer of
A$1.35 billion, for a takeover of the corporation. Under the deal, Macquarie Media Group will then on sell the metropolitan radio stations to
Fairfax Media. On 5 November 2007, the company officially acquired
Southern Cross Broadcasting's assets. On 17 December 2009 shareholders approved a restructuring plan. The company was then renamed from Macquarie Media Group to its current name on 17 December 2009.