Seven West Media

It’s not so difficult to understand. Wages are very high in Australia. Some of the highest in the world. And some of these jobs a
Outsourced are not really worth those wages. So companies send the jobs off shore

Yes but, we are also a very expensive country to live in. Our wages to some degree match our standards of living costs.

That may be but there are laws, awards and enterprise agreements that regulate pay and companies just can’t pay people anything they want for certain roles. It’s too simplistic to argue that people will do that same job for less money.

5 Likes

I’m not sure. Although like you it personally wouldn’t overly surprise me if at some point in the future, Seven were to move out of Martin Place and Docklands in favour of somewhere like Parramatta and its Melbourne equivalent - maybe keeping a small news bureau in the city centre but that’s about it.

1 Like

I would have thought that Seven would eventually move the newsroom from Martin Place to Eveleigh, with all operations in the same building?

2 Likes

Why? The news facilities don’t need to be with the networks entertainment operations. They’re seperate departments

My comment was in relation to speculating about potentially more cost cutting.

One theory on this decision (scheduling) is that being inextricably linked with the roles already moved offshore (traffic), it was a logistical / efficiency decision maybe?

Seven did alert Media Spy to changes in the program schedule workflow last week. It will change the delivery of forward program guides. Currently looking at the new system to see how best to implement it into the Seven Program schedule area.

3 Likes

Wonder how newspapers, etc will adapt… Don’t want to upset those rusted-on elderly folk who purchase the daily paper religiously and rely on the printed guides :wink:

From what I can gather from this week, most newspapers are chosing to adapt by shutting down.

7 Likes

Because it’s cheaper.

Seven is also currently trying to sublease 2 floors at Eveleigh (and have been for quire a while) so the savings would be huge if they already have the space to accommodate news. It would all come down to what their lease conditions in the CBD are.

2 Likes

Operating two facilities can be a hell of a lot more expensive then one larger one

4 Likes

To be honest the wages of those scheduling roles isn’t that high. Average salary is around 40-50k at Seven for them which is essentially minimum wage.

The odd thing about this is that after the last round of the outsourcing of the scheduling team which was around 50 redundancies, there wasn’t many left. Not really sure there befit of them making the decision to get rid of the remaining ones.

3 Likes
2 Likes

Would it by any chance have anything to do with revenues and the impending start of the AFL season?

1 Like

Like 4c? :laughing:

1 Like

Glenn Dyer is claiming about Seven West Media that

Could this be why the share price has gone up? Speculators are thinking Seven Group is going to sell off their shareholding?

2 Likes

The business has recently been undervalued. They are selling assets to pay off as much of the debt as they can to remove the cash flow issue that the debt has been causing.

3 Likes

Share market dud Seven West Media to be removed from the S&P/ASX 300 Index from 22 June 2020.

And there are more cuts to come with another $110 million in savings next financial year. From a Seven Group presentation:

Source: ASX

4 Likes