Seven West Media stokes tension behind the scenes at Seven Group
The broadcasting and publishing empire accounts for just 0.6 per cent of the broader conglomerate’s total assets. It accounts for much more of its problems.
Billionaire Kerry Stokes and his son Ryan have been on a tear over the past few years, but you wouldn’t know it from the headlines.
The father and son have a 51 per cent stake in Seven Group Holdings, a $17.2 billion conglomerate that owns construction materials company Boral, machinery supplier WesTrac, and equipment hire company Coates. Seven Group also has a 30 per cent stake in $2.6 billion oil and gas company Beach Energy.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
