Aug 6 (Reuters) - Southern (NYSE:SO) Cross Media Group Ltd SXL.AX :
* AGREED TO OUTSOURCE ITS TELEVISION AND RADIO BROADCAST TRANSMISSION SERVICES TO BROADCAST AUSTRALIA
* EXPECTS TO COMPLETE TRANSITION TO BA BY MARCH 2020
* UNDER AGREEMENT, SCA WILL TRANSFER TRANSMISSION ASSETS TO BA
* SOUTHERN CROSS MEDIA-UNDER DEAL, BA WILL PROVIDE CO WITH MANAGED & MAINTENANCE SERVICES FOR OVER 500 RADIO & TV TRANSMISSION SERVICES AROUND AUSTRALIA
* TRANSACTION WILL RESULT IN NON-CASH LOSS OF $9.2M FROM SALE OF SCA'S CURRENT BROADCAST TRANSMISSION ASSETS TO BA
* NON-CASH LOSS OF $9.2M WILL BE RECORDED IN FY 2019
* AGREEMENT TO OUTSOURCE TRANSMISSION SERVICES IS FOR AN INITIAL TERM OF 15 YEARS