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AAP
AAP
Derek Rose

Hundreds of media jobs to go as TV advertising slumps

the Seven Network the West Australian Southern Cross
Southern Cross Media Group plans to axe hundreds of jobs amid financial downgrades. (Susie Dodds/AAP PHOTOS)

The merger between Australia's biggest TV network and its largest radio station chain has taken less than six months to run into trouble.

Southern Cross Media Group announced on Thursday the television market it entered when it merged with Seven West Media in January had "deteriorated materially more than anticipated" in the June quarter.

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