Company Interview / Market Update | Seven West Media, Southern Cross Media, Orthocell, CSL, Newmont

Seven West Media and Southern Cross Media are merging to create a common TV, Audio and Digital platform. Under the proposed merger, Seven West Media will own 49.9% of the combined business, while Southern Cross Media will own 50.1%.

Flight Centre has reacted to speculation it might sell it's majority holding of bicycle company Pedal Group. Flight Centre confirms that it is reviewing ownership options, but says that talks are still "in their infancy"

Orthocell's Canadian expansion is underway with the appointment of its first distributor for the nerve repair device Remplir. Orthocell expects further distributor appointments across the country.

CSL has a new CFO, Joy Linton will step down from the role next week and be replaced by Ken Lim, the current Chief Strategy Officer. Mrs Linton will remain with CSL for an undetermined period, before fully retiring. This CFO change comes as CSL's share price is down around 29% year to date.

And Newmont's CEO Tom Palmer is retiring at the end of the year. He'll be replaced by Natasha Viljoen, Newmon'ts Chief Operating Officer. Prior to joining Newmont in 2023, she served as CEO of Anglo American Platinum.