everyone is jumping to conclusions here, Stokes and his son won’t let this happen to Seven, they will have several plans in place.
Just be patient, the AFL has not even started for 2020 yet as such Seven will bounce back, gees some people need to learn to read between the lines.
Anything that they do over and above licence requirements that can be cut will be under the microscope and I’d suggest that based on the commentary around Childrens programming there will be an element of taking a risk around some of the more marginal things.
What do you do between now and Tokyo though?
Yeah, it wouldn’t surprise me if Seven were to eventually merge at least some of the regional Queensland bulletins. Perhaps we’ll eventually get something like combined North Queensland (Cairns/Townsville), Central Queensland (Mackay/Rockhampton) and South Queensland (Wide Bay/Sunshine Coast) services?
[quote=“bacco007, post:928, topic:804”]
They have 5 months. I think they can get something up off the ground. They’ve had 4 years already to plan
Like what possible plans? Apart from cut Children’s TV and scripted drama, what plans do they have in place?
4 months ago you touted Nine would be in trouble Not Seven.
I don’t think Seven - or any Tokyo broadcaster - would have a contingency for a total cancellation of the games. Naturally I’d expect this to change going forward, but Seven are screwed.
As for 2:15pm AEDT, its share price fell below 10c, currently at just 8c!
Its regional affiliate partner, Prime Media, faired a little better at 9.5c.
Well that’s Seven done then. 10 went into administration with more (IIRC).
GG
(includes quotes from SWM CEO James Warburton from a press release)
Their revised guidance (whenever they do release it) isn’t going to be good; no AFL, no Olympics, production halts for other programming.
It’s all bad.
The revised earnings guidance for pretty much every media company will be ugly for at least the next two quarters, if not longer
Why is Seven still listed. Their share price is literally 6 cents right now.
Until they breach their lending covenants or are insolvent then they can still trade, presumably. There are a lot of companies on the ASX whose share price is way below Seven West’s. Some are 0.001.
There was a tribute to Brad at the end of My Kitchen Rules grand final tonight.
https://twitter.com/Bacici/status/1242407989484466176
In regards to programming, Burnette says that Plate of Origin, House Rules and Farmer Wants a Wife are still filming, while Big Brother resumed production yesterday after a crew member tested negative to coronavirus.
Who replace Mario D’Orazio as managing director in perth
I think it is Maryna Fewster
But you also have to look at the big revenue that they will now miss out on as well.
Yes but the revenue mostly covers their expenses. Sure they may make a bit of a profit but most is to atleast break even. The profit they make would be less than the expense of these events / sport