Shares up more than 5% today.
Seven West Media Appoints Ai-Media for Captioning Services
Seven West Media and Ai-Media today confirmed that Ai-Media has been appointed as the exclusive provider of broadcast captioning for the Seven Network in a fiveyear deal commencing in August 2016. Ai-Media will supply all offline and live captioning for Seven West Media’s channels which include Seven, 7Two, 7Mate and 7Flix, reaching an average weekly audience of 14.9 million viewers.
Seven awarded the contract to Ai-Media following a competitive tender process involving international and local captioning companies. The contract commences ahead of Seven’s broadcast of the Olympic Games which commences on 5 August.
Andrew Anderson, Head of Broadcast Operations for Seven West Media, said: “High quality captioning is an essential service for many of our viewers. Ai-Media is an impressive and energetic Australian company that has proven quality of delivery, world-leading technology innovation, and competitive pricing and we are pleased to have them as our partner.”
Ai-Media CEO, Tony Abrahams said: “Seven’s content is watched by millions of Australians every day. As the pioneer of captioning in Australia, Seven knows what it takes to deliver a quality service. We are delighted to partner with Seven, during this period of digital media transformation, to continue to make its content accessible.”
For the record, Seven currently uses Ericsson Access (formerly Red Bee Media) for captioning the four channels.
The Seven West Media stock has plunged 10% as a knock on effect from Nine Entertainment’s announcement.
Why do Nine’s failures affect Seven?
Investors realising that FTA broadcasters (NEC, SWM, TEN) are being pressured by video on-demand services such as Netflix.
###Seven West Media appoints Ben Roberts-Smith as General Manager of Seven Brisbane and Seven Queensland
Seven West Media today confirmed the appointment of Ben Roberts-Smith VC MG as General Manager of Seven Brisbane.
Mr Roberts-Smith takes on this new role – in addition to his current role as General Manager of Seven Queensland – following the resignation of Max Walters last month.
For almost a decade, Channel Seven Brisbane has been the long-standing leader in south east Queensland and continues to maintain its ratings dominance into 2016. Seven Queensland owns and operates the marketleading regional television network encompassing regions beyond Brisbane and south east Queensland in one of the fastest-growing markets for Australia.
Announcing the appointment of Mr Roberts-Smith, Tim Worner, CEO of Seven West Media, said: “Ben has played a key role in our company over a number of years and has been integral to the development and implementation of valuable strategies to continue to drive the company’s dominance in regional Queensland and beyond. His energy, expertise and innovation will continue to steer Seven Brisbane and Seven Queensland on their successful and progressive paths.”
Commenting, Mr Roberts-Smith said: “This is a time of dynamic change for our industry and Seven continues to lead. I look forward to the challenge of this new role and leading the next phase of Seven Brisbane and Seven Queensland’s multi-platform growth. “
Mr Roberts-Smith’s appointment is effective immediately. Seven Brisbane and Seven Queensland will continue to operate separately.
What a joke.
This was announce months back
That was the position of GM of 7 QLD announced in April 2015. This is an additional position as GM of 7 Brisbane.
The Seven Network has been granted an urgent injunction to freeze the assets of one of its senior managers as a fraud scandal engulfs the broadcaster.
• Court told broadcaster’s commercial manager of programming admitted falsifying invoices
• Seven preparing to sue over ‘long-standing invoice racket’
• Judge said there was a serious question to be tried
In an email to staff, chief executive Chris Wharton said the newspaper was working on “a new organisational structure” which required staffing cuts “to assist in building a strong foundation for the future of our business”.
David Leckie is leaving Seven on 29 July, Fairfax is reporting. He will be retiring.
Yet the article on TV tonight says he has another role in a media company lined up.
Fairfax says he’s retiring, News says he has another job.
Seven West Media has launched a new food portal called Foodiful with Woolworths as exclusive retail partner. It will be promoted through the Rio Olympics, Zumbo’s Just Desserts and Better Homes and Gardens as well as the traditional advertising channels.
Chris Wharton has had to find $10 million in savings at The West Australian, meanwhile other Seven executives will be in Rio for the Olympics. And as Stephen Mayne linked to, Seven is funding a golfing junket in Portugal for The West Australian’s advertising clients.
This is on the 7westmedia Web site
Seven West Media report full year profit of $207 million (recovering from last financial years massive loss).
CEO Tim Warner is blaming a weak TV advertising market, saying there’s a “dire outlook”.
He also said the company would continue to invest in the Sydney market (which it is losing), 7 News in Melbourne & Sydney (which it is losing) & look at long-time programs such as Home and Away (facing increasing competition from The Project & losing big on Melbourne, overall to ACA).
He also blames the expensive AFL rights & Olympics (being extensively broadcast over the nexy financial year).
[from The Australian]
Shares have plummeted 18%