On-Air talent get equity in SCA

Southern Cross Austereo has announced that it has introduced an equity component into a number of its talent contracts across the network.

Whilst individual contracts have not been disclosed, the company has outlined how the equity component will look.

SCA will provide, to various talent contractors, around 3.35m shares in the company, or a higher number to ensure that the total value of shares provided exceeds $2m on 30 October 2015, and $1.14m on 2 January 2016.

It is likely a majority of these share options, and perhaps even all, are part of the Hamish & Andy deal which was announced today.