Overview of Southern Cross Media Group Limited's recent development

Southern Cross Media Group Limited (ASX:SXL) has received a review application from ARN Media Limited regarding the Panel's decision, along with interim orders issued by the President. The interim orders stay specific previous orders made in Southern Cross Media Group Limited and will remain in effect until further notice or for a maximum of 2 months from the date of issuance.

President's Interim Orders and Review Application

The President of the Panel has issued interim orders in response to the review application from ARN Media Limited. These interim orders are designed to maintain the status quo until the application can be considered in detail. It is important to note that the issuance of interim orders does not indicate a decision to conduct proceedings or imply the merits of the application for a declaration of unacceptable circumstances. The Panel has not appointed a review Panel at this stage, and no decision has been made regarding the commencement of proceedings.

Summary of Recent Developments and Outlook

Southern Cross Media Group Limited (ASX:SXL) has been the subject of a review application from ARN Media Limited, leading to the issuance of interim orders by the President of the Panel. The interim orders stay specific previous orders made in Southern Cross Media Group Limited and will remain in effect until further notice or for a maximum of 2 months from the date of issuance. The company is currently awaiting the decision on the appointment of a review Panel and the determination of the proceedings. This development may have implications for the future direction of Southern Cross Media Group Limited, and stakeholders will be keen to monitor the situation as it unfolds.