CompaniesMedia & MarketingSouthern Cross axes up to 300 jobs amid downgradeJun 11, 2026 – 12.31pmSouthern Cross Media will axe up to 300 jobs and has written down the value of an old television deal by $70 million as it attempts to relieve cost pressures and focus on buying new Australian content.The job losses are part of an expanded cost reduction program expected to deliver $150 million in annual savings.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Media & marketingFetching latest articlesMost Viewed In Companies
Southern Cross axes up to 300 jobs amid downgrade
The owner of broadcaster Channel Seven is planning to cut millions of dollars in costs to allow it to focus on content acquisitions.
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