HT&E now worth more on the ASX than SCA The parent company of the Australian Radio Network (ARN) – known on the ASX as Here, There & Everywhere (HT&E) – now has a higher market capitalisation than rival Southern Cross Austereo (SCA). Ahead of the market opening this morning, HT&E’s market capitalisation was $503.12 million, while SCA (SXL on the ASX) was down to $480.87 million. The milestone has caught the attention of market observers due to the differences in size and scale between the two companies – SCA’s 99 radio stations and television interests far outstrip HT&E’s assets. Both companies have taken a hit in recent years in terms of value, however the impact on SCA has been much more severe. At the end of 2017, SCA’s market capitalisation was $911.28 million, meaning in just over three years its value has declined by over 47%.