Company news: Southern Cross Media
Southern Cross Media (SXL.ASX) announced that Rove McManus will replace Dan & Maz in the key Sydney breakfast show for 2DayFM. Since Kyle and Jackie O's departure the breakfast slot (which is a key time for Radio and advertising) has been a challenge for SXL. Much like the successful Hamish and Andy deal, Rove will be incentivised with shares issued every six months until July 2018.
- Dennison Hambling