I don’t think is Nine doing better. They actually made a huge loss last year and there was talk of them dropping the Cricket because that makes a huge loss too. Seven is trying to avoid the same problem.
2 Likes
From the Seven half yearly report. Debt is increasing, and Nine is in the same position with increasing debt.
1 Like
Well, Seven already let the rights to US Masters golf lapse and Nine picked them up. Next to go could be the NFL, Bathurst 12 hour race and Commonwealth Games (next one is in Birmingham in 2022).
Swm is only the media interests (ie not westrac)?
Not an exclusive at all from EFTM, Mumbrella had that story back in November.
This really encourages you to run as lean a service as possible
3 Likes
Seven will exit its Pyrmont headquarters this year to its current site at Media City in Eveleigh.
Also it looks like more staff cuts will be made.
Media (esp TV) companies really can’t exist as publicity traded companies anymore. It’s too hard to make profits.
1 Like
While there is an expectation from shareholders to maximise return it’s going to be difficult but the obverse of that is if they go private there has to be someone (person or a company) who is willing to take on the risk Of ownership
Divide and acquire seems to be the way forward, shed loss making arms and buy up where possible
The reality is that times are tough and getting tougher for media companies but I don’t think there is a simple way out
The simpler way is contain costs. The days of people earning 1.5 mill plus should be over unless they’re physically on air for like 40 hours a week.
Revenue has already peaked but costs continue to accelerate that is the issue.
cost containment is definitely important - ‘talent’ costs would be but one area though
Nine declared a 5 cent per share dividend for the half year ending 31 December 2017
Perhaps they need to increase the role/presence of on-screen hosts. Perhaps the host of the 11:30am news could co-host The Daily Edition with Tom Williams. Also I would cut the weather person on Sunrise and increase Natalie Barr’s role to include Seven Early News (or start Sunrise at 5am and either extending it to a 4 hour show OR extending The Morning Show to a 3 hour show and starting at 8:30am and increase advertorials)
Seven West Media has sold its share of 7Wonder, the UK production co-venture which makes My Kitchen Rules and factual, children’s and arts programming for British broadcasters.
As already discussed in the Broadcast Facilities thread.
7 no longer putting weekly ratings results on the 7 West media site
Does this mean Yahoo7 portal will be split? Will SWM take back control of 7News and 7Sport websites?