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.
Seven West Media
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.
Billionaires’ battle over green trucking empire turns ugly
Andrew Forrest has doubled down on his criticism of Kerry Stokes’ Seven West Media coverage, with their $1bn property joint venture now understood to be on the verge of collapse.
Seven expects an ad market rebound
Seven West Media chief executive James Warburton says the downturn in the TV advertising market will be brief.
Seven West tips TV revenue to fall
Seven chief executive James Warburton concedes the company’s revenue is likely to decrease because it doesn’t have the benefit of an Olympic Games in the 2023 financial year.
Seven ‘in talks’ over merger if the price is right
Speculation persists that Seven West Media is talking with Here, There and Everywhere about a merger, and Southern Cross Media about an acquisition..
Seven West Media signs US studio deal
Seven West Media boss James Warburton has revealed a multi-year partnership with US studio giant NBCUniversal and the creation of a new channel – 7Bravo.
Nine, Seven, clash over star expenses
Two of Australia’s largest media companies, Nine Entertainment and Seven West, have clashed over allegations that one of Seven’s most high-profile stars misused their generous expense account.
Seven West HR boss heads for exit
The media company’s people and culture officer, Katie McGrath, is departing ‘to pursue private business interests’ after five years.
Seven West invests in Catalano venture
More deals are unfolding in the media space.
Real estate could be on Seven’s shopping list
Seven West Media’s interest in non-media mergers and acquisitions raises the possibility it might enter the online real estate space.
Seven West Media focuses on digital growth
Seven West Media chief executive officer James Warburton said the company is now in its strongest financial position in more than a decade.
Ten’s $500m rights bid falls short of AFL goal
The AFL had hoped a $3bn bid from Ten and its streaming service would spark a bidding war for Australia’s most valuable sporting rights property. But it’s not looking good.
AFL deal down to the wire with live matches in focus
Seven West Media and Foxtel are at loggerheads over live matches in AFL-mad markets like Adelaide and Perth, as the race for the league’s broadcast rights hots up.
Bidders line up for Southern Cross regional TV assets
Southern Cross Media Group is believed to have attracted a host of big names bidders such as Seven West Media and Anchorage Capital Partners for its regional TV assets.
Seven lines up goal with AFL rights
Seven West Media chief executive James Warburton believes the network is well-placed to extend its lucrative TV rights deal with the AFL.
Texts reveal close ties in the West
Texts between Mark McGowan and Kerry Stokes — revealed last week at a Federal Court defamation hearing — indicate close ties between the pair.
Worner back in media to chase racing rights
Tabcorp faces a battle with a consortium led by one-time Seven West Media boss Tim Worner, who is after the North American rights to broadcast NSW horse racing.
Seven settles with wrong man in Cleo case
Confidential deal for the man Seven News incorrectly identified as accused child stealer.
Seven eyes a return to tennis
The Kerry Stokes-controlled Seven network is considering an audacious bid to wrest rights to the Australian Open back from Nine, it’s been confirmed.
Seven in battle to win back tennis from Nine
Seven West Media is gearing for a bidding war with Nine Entertainment over the Australian Open broadcast rights – despite Nine having more than two years left.
Prime Media chapter closes with Seven bid nod
Prime Media shareholders have voted to take the money after chair Cass O’Connor urged a weigh up of ‘certain cash return vs uncertain future returns’.
Seven gets all clear to buy $130m rival
Seven West Media has been given permission to complete the purchase of a broadcasting rival in a deal tipped to transform the Kerry Stokes-backed firm.
Asian markets join Omicron sell-off
Asian markets join the new Omicron sell-off although the ASX still ends in the green; travel stocks surge, Collins Foods jumps, Woodside faces legal challenge on Scarborough gas project, and Westpac sued by ASIC.
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