June 2026, Hundreds of media jobs to go as TV advertising slumps

Summary: Southern Cross Media Group, which merged earlier with Seven West Media and owns major TV and radio assets, announced plans to cut 250–300 roles after a sharper-than-expected deterioration in the television ad market. Most reductions target mid- and back-office and corporate functions, and the company also flagged a significant write-down against legacy content contracts and downgraded earnings guidance. Management framed the moves as a necessary reset to align costs with market realities and capture scale benefits, while unions and industry bodies warned of the broader impact on regional journalism and local content production.