The chairman of the media group behind the tragic royal radio prank call has brushed off the incident as "sh*t happens".
Sydney radio station 2Day FM presenters Mel Greig and Michael Christian last year rang King Edward VII's Hospital hospital in London, posing as the Queen and Prince Charles, inquiring about the health of a then pregnant Duchess of Cambridge.
Nurse Jacintha Saldanha transferred the call to a duty nurse who gave out information about the Duchess.
Days later Ms Saldanha, 46, committed suicide.
On Tuesday during Southern Cross Media's annual general meeting in Melbourne, chairman Max Moore-Wilton stirred controversy when he reportedly used salty language to describe that tragedy.
"These incidents were unfortunate, no doubt about that," Mr Moore-Wilton told shareholders.
"But in the immortal words of someone whose identity I cannot recall, sh*t happens."
The media group's radio revenues and market share also fell during the past financial year, as 2Day FM breakfast shock jock Kyle Sandilands was embroiled in scandal.
Southern Cross owns the 2Day and Triple M radio networks and a regional TV network.
More than 30 per cent of shareholders on Tuesday also voted against executive pay levels.
The vote was above the 25 per cent threshold, which triggers a first strike and a spill of board positions if it happens again next year.
* Readers seeking support and information about suicide prevention can contact Lifeline on 13 11 14 or Suicide Call Back Service 1300 659 467
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