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Myriam Robin

Seven no longer an equal partner in Koch's side-business

Myriam RobinRear Window editor

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Seven West Media's execs past and present really have looked under every rock for spare change.

The company's FY20 accounts reveal it now owns a mere 0.2 per cent of breakfast TV star (and Port Adelaide chairman) David Koch's online financial advice business Money Makeover. According to ASIC filings, in September 2018 Seven sold its stake to Koch, retaining a single share in the business' 510 on issue.

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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/seven-no-longer-an-equal-partner-in-koch-s-side-business-20200825-p55p4t