It's only speculation, but there's also the spectre of Kerry...

It's only speculation, but there's also the spectre of Kerry Stokes hovering ominously over everything at Southern Cross and ARN.

Kerry's FTA TV 'assets' are a dead platform walking and he may see radio & streaming as a way to augment his media interests.

SXL and ARN shareholders may be in for a big surprise if the MC in both companies continues to fall. Not saying Kerry would, or even could, sweep up both companies, but picking up a controlling interest in either network would be a feather in his cap and cause significant problems for the remaining network and it's shareholders.

Kerry has already made a raid on ARN and is one of their biggest shareholders, so logically, that would be the network of choice for a SGH/SWM takeover bid.

One thing is for sure - The uncertainty is not helping the MC of either company!

They need to get their $hit together and find a resolution asap!!