An sudden provide has been made for Southern Cross Austereo’s regional tv stations.

Australian Digital Holdings TV, which beforehand backed Alan Jones digital speak present, has put in a bid, the Australian Monetary Evaluation has reported.

It’s believed to be within the neighborhood of $15m.

“We’ve got made a proposal and are awaiting their determination,” ADH confirmed in a press release. “Income continues to be robust for free-to-air regional tv, regardless of the pressures of the occasions, and with improved cost-controls and funding in key markets, the group sees an excellent future for the licences and improved TV companies for the areas.”

ADH has engaged 333 Capital and regulation agency Squire Patton Boggs whereas former Seven West Media industrial director Bruce McWilliam has been advising.

Chair Maurice Newman has been working with the corporate’s co-founder Jack Bulfin and former Seven Information director Jason Morrison on a deal to purchase the community, slash content material prices and create native information exhibits.

In 2023, James Packer invested in ADH TV, though the overall worth is unknown.

Jones is alleged to not be concerned within the SCA bid.

Southern Cross Austereo, led by CEO John Kelly (pictured), was navigating a takeover bid from ARN and personal fairness investor Anchorage Capital, nevertheless it was deserted mid 12 months.