Seven CEO steps down in shock move
One of Australia’s biggest media companies has announced a dramatic shake-up in its leadership.
Seven West Media
Late rally sees ASX finish flat; Perpetual soars
The ASX 200 closes stable after late surge. Perpetual lifts after rejecting bid. Rates must rise as govt spend dulls impact: S&P. Change of guard at Seven West. Continued wait for Chemist Warehouse plans.
ARN Media raid straight from the Kerry Stokes playbook
Seven West Media’s move on ARN leaves some wondering if chair Kerry Stokes will apply the same formula he has used to win over his targets in the past without having to pay up.
Stokes-backed Seven West may seek ARN board seat
The drama is escalating in the market when it comes to the battle for beaten down Australian broadcasters.
Seven West Media raids ARN register
Seven West Media has created a major upset in the battle for Southern Cross Media Group by sweeping up 19.9 per cent of the stock of its suitor, ARN Media.
Seven West cuts debt, hoses down dividend woes
Seven West Media chairman Kerry Stokes told shareholders the company will retain a “conservative approach” as he copped questions about the ongoing lack of dividends.
Grant Samuel on Seven West’s debt renegotiations
The advisory firm has helped the television broadcaster strike a new financing deal.
ASX flat; NAB lifts; Star avoids pay strike
ASX 200 ends up 0.3 per cent at three-week high as Tritium closes Brisbane factory. Top analyst downgrades Nab to Hold. EY cuts 232 from workforce. Citi increases inflation forecasts. NAB profit a slight miss, dividends lift.
Stokes to make east coast news play
Kerry Stokes-led Seven West Media is establishing a national news platform with an east coast focus in an attempt to take on other dominant players across the country.
Online new-car site’s valuation hits $50m on capital raising
Online classified site CarExpert’s valuation has hit $50m thanks to a capital raising backed by billionaire Laurence Escalante and Seven West Media.
Now a one-horse race for Melbourne Cup broadcast rights
Seven West Media has withdrawn from the bidding process for the Melbourne Cup broadcast rights, leaving Nine Entertainment in the box seat.
Seven ‘overwhelmed’ by Matildas’ success in hard year
The Matildas’ success has been a ratings bonanza for the free-to-air broadcaster but the Kerry Stokes-led company’s annual profit has taken a hit.
ASX falls on tech losses; Bapcor top gainer
Tech sector leads declines. NBN Co submits revised pricing proposal after ACCC rejection. RBNZ holds rates. KPMG cuts pay as revenue lifts. Fletcher, Transurban, Computershare among losers.
Stokes remains silent on possible BRS appeal
The Seven West chair remains tight-lipped on continuing to financially support Ben Roberts-Smith should the former SAS soldier opt to appeal his failed defamation case against Nine.
BRS’ replacement at Seven West revealed
The man who will replace Ben Roberts-Smith’s role at Seven West Media has been announced, just weeks after the disgraced former soldier lost a landmark defamation case.
ASX dives 1.6pc in $40bn wipeout; tech dumped
Tech sector sees sharpest fall for 2023 as bourse plunges. Johns Lyng tumbles on headwinds. Gold Road dumped on output cut. Iron ore looks to end losing streak.
Airtasker sells 20pc UK stake for $6.5m ad space
Airtasker plans to replicate its Australian growth by selling a 20 per cent stake in its UK arm to a TV station for $6.5m worth of advertising.
Knockout legal blow still to come for Kerry Stokes
Seven West Media boss Kerry Stokes is facing a potential legal bill of tens of millions of dollars in the wake of Ben Roberts-Smith’s failed defamation case.
Is a Seven-Foxtel combination on the cards?
Industry talk surrounds whether a Foxtel and Seven West Media tie-up could be feasible.
Fortescue calls for intervention over Stokes
Fortescue Metals Group has written to communications minister Michelle Rowland, appealing for intervention in the media blue between billionaires Andrew Forrest and Kerry Stokes.
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