Seven baron Stokes to retire in Southern Cross merger
Kerry Stokes plans to retire as the president of Seven West Media at the beginning of 2026, as Radio Network Network Triple M, in the beginning of 2026, united with Southern Cross Media.
Companies announced all scenario agreements on Tuesday, 49.9 percent of the combined group of seven Western shareholders and 50.1 percent of Southern Cross shareholders.
Mr. Stokes will chair the Board of Directors of the Combined Group until February when it will retire and will take over the Southern Cross President Heith Mackay-Cruise.
Stokes, explaining the merger on Tuesday, said, “I have every confidence that Heish will continue to guide the combined group successfully,” he said.
Seven West General Manager and General Manager Jeff Howard will undertake the same job in the new company, and Southern Cross General Manager John Kelly will take the new position as Group General Manager for SES.
Companies, the unification will establish a leading integrated media company in the Metropolitan and Regional Australia.
“Television of the United enterprises throughout the country will add strength to each of the sounds, digital and publishing operations of the United enterprises, Stoş said Stokes.
In addition to seven networks, Seven West Media has Western Australia and Digital Publishing Newspaper.
Southern Cross Media has 99 radio stations in Australia, including Triple M and Hit Networks.
Mr. Mackay-Cruise said that the combined group would present a “one-stop store ıyla to reach critical demography between the ages of 25 to 54 years.
The group said the unification will allow the United Group to save $ 25 million to $ 30 million each year.
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