Southern Cross Media Group (ASX:SXL) plans to cut a dozen roles across the network as part of a cost-cutting exercise, The Australian reported Thursday, citing an email from its Chief Executive Officer John Kelly.
The firm is seeking ways to remain "competitive and profitable," the email said.
It also referenced rival media group ARN Media (ASX:A1N)'s bid to acquire Southern Cross' Triple M network.
Southern Cross Media Group did not immediately respond to MT Newswires' request for comment.
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