All about audio: SCA completes sale of TV assets

SCA has today announced the successful completion of the sale of its remaining television assets in Tasmania, Spencer Gulf, Broken Hill, Mt Isa, Darwin and Remote, Central and Eastern Australia (TV Assets) to Seven West Media (SWM).

This transaction marks SCA’s full divestment of all television assets, which aligns with the company’s ‘All About Audio’ strategy.

SCA has applied the upfront cash consideration of $3.75 million received on 30 June 2025, from the sale of the remaining TV assets, towards reducing net debt.

The total consideration from the sale of SCA’s television assets is, in aggregate, in the range of $19 to $24 million.

This consideration includes both the SWM proceeds of $3.75 million and the previously announced profit share proceeds of $15 to $20 million from the sale of the 3-Agg TV licences to Network Ten.

SCA CEO John Kelly said “With the successful divestment of our regional TV assets, our entire strategic focus is now All About Audio. This clarity is already delivering results. As our share of audio revenue grows, we remain disciplined on costs and are committed to giving advertisers unmatched access to the ‘Audience That Matters’ – Australians aged 25 to 54.”

“We have delivered a strong revenue result for FY25 with revenue growth of 5% and early indications for July and August show this trend continuing across both our broadcast and digital audio platforms.” 

In other news, Carole Campbell has advised the SCA Board that she will retire as a Director on 31 August 2025.

She has served on the Board since 2020.

SCA Chair Heith Mackay-Cruise said “Carole has brought an immensely valuable mix of strategic, commercial and financial acumen during her five years on the SCA Board and we have greatly appreciated her leadership of the Audit & Risk Committee.”

The Board will undertake an external professional search process leading into the AGM.