April 6 (Reuters) - Southern (NYSE:SO) Cross Media Group Ltd SXL.AX :
* SOUTHERN CROSS MEDIA GROUP LTD - ANNOUNCES FULLY UNDERWRITTEN C.$169M EQUITY RAISING
* SOUTHERN CROSS MEDIA GROUP LTD - BOARD EXPECTS NO FY21 DIVIDENDS WILL BE PAID
* SOUTHERN CROSS MEDIA - FY20 INTERIM DIVIDEND CANCELLED ($21M CASH RETAINED) AND NO FY20 FINAL DIVIDEND WILL BE PAID
* SOUTHERN CROSS MEDIA GROUP LTD - CAPEX IN FY20 REDUCED TO $17M - $18M IN COMPARISON TO PREVIOUS GUIDANCE RANGE OF $19M - $21M
* SOUTHERN CROSS MEDIA - EXPECTS TO BE ELIGIBLE FOR JOBKEEPER SUBSIDY FOR ABOUT 1,600 OF FULL TIME EMPLOYEES
* SOUTHERN CROSS MEDIA GROUP LTD - MANDATORY PAY REDUCTIONS OF 10% FOR ALL DIRECTORS, EXECUTIVES AND EMPLOYEES EARNING OVER $68,000 PER YEAR
* SOUTHERN CROSS MEDIA GROUP LTD - ALSO CANCELS EXECUTIVE BONUSES