Well they tried to by their affiliate Prime Media Group (Prime7 & GWN7), but WIN’s Bruce Gordon & ACM’s Anthony Catalano wrecked that deal. I wonder if that situation has changed any.
Seven was with Yahoo from 2006 to 2018 with the Yahoo7 email portal and Yahoo7 website which were popular back in the days.
AOL|7 was another one with the i7 portal. i7 ident was shown at the end of 7 network shows in the 2000s.
They’re best bets at this stage is another play for Prime and then look at radio. Nova & ARN are best candidates here (not that they need it of course), but both have solid ratings across multiple demographics and across the 5 key cities. I reckon a merger is more likely for radio assets than a takeover, but one 7 pays down their debt, it could be really attractive.
1 Like
Seven West Media has broken ranks with other big media players to broker a deal with Google to receive payments for articles featured in its Showcase.
2 Likes
This is not a good look! Sunrise brought to you by the Australian tax payer funding Sam and Kochie…
Seven CEO James Warburton says the company won’t be returning JobKeeper money, despite the media group returning to profit
1 Like
Why would they if they were eligible for it during a time of economic destruction?
2 Likes
Cause plenty of businesses around Australia who have made profit, just like 7 and understand Brand is everything, have refunded the Job Keeper back to the Government.
Just some of the brands are Toyota, Super Retail Group, the owner of brands including Rebel, there has been a bedding company in SA. Plenty more on this list, understand brand is more important than looking greedy like seven are.
2 Likes
I’m happy for the Australian government to give Seven another $30 million if they promise not to make another series of Holey Moley.
13 Likes
And good luck to them. But we pay people to be in government to set the right parameters in the first instance - that is their job, otherwise they should not be managing taxpayer-sourced funds.
Warburton said:
We now have more options in terms of the future of the remaining assets that have been earmarked for sale. We are looking to monetise AirTasker in the upcoming IPO and proceeds will be used to pay down debt. Other venture options continue to be reviewed.
We have received offers for Seven Studios which we are considering. Studios is underpinned by a very attractive annuity-styled earnings stream which is very valuable. We remain open to selling Studios if it is value accretive.
1 Like
The real problem, as you suggest, is the federal government has botched the JobKeeper programme.
It’s appalling that Morrison is happy to allow profitable companies to effectively rort the scheme (which was meant to support companies who were struggling because of pandemic shutdowns, which really didn’t impact 7WM, unlike a local café or even a university), but his government eagerly hounded innocent ordinary people who really were struggling with illegal and false RoboDebt claims.
(I wonder if there’ll be another round of RoboDebt after the federal election.)
2 Likes
Keeping their chums in big business happy but they gotta try to recoup that money somehow… what better place to look than the little people they tread on?
1 Like
Nicole Bence Appointed Chair of IAB Australia Board
Nicole Bence, Network Digital Sales Director at Seven West Media, has been appointed Chair of the IAB Australia Board, effective immediately.
Ms Bence succeeds Matt Rowley, CEO of Pedestrian Group, who has been Chair since January 2019. She has been a member of the IAB Australia Board since 2020.
As Chair, Ms Bence will work closely with IAB Australia CEO, Gai Le Roy, on initiatives and programs to address key industry matters.
It has been a delight working with Matt over the last two years driving some amazing initiatives including diversifying the board as well as significantly expanding the member base. Nicole is a passionate leader with such a strong knowledge of digital media and data, but she is also a true cross media leader. Nicole will lead the Board into what is an incredibly busy and important time for the digital advertising industry.
Gai Le Roy, IAB Australia CEO
It’s a great privilege to take on the Chair role at IAB Australia and I’m very excited to have the opportunity to build on Matt’s great work. IAB Australia’s key purpose to grow sustainable and diverse investment in digital advertising in Australia has never been more important. The digital advertising and technology ecosystem is changing rapidly and constantly, and I’m honoured to be able to play a part in its evolution and growth. One of my key priorities is to champion the power and efficacy of digital advertising. A trusted, robust and effective measurement metric, with standards that inspire confidence across the entire media and marketing sector, is critical for our industry.
Nicole Bence, Network Digital Sales Director at Seven West Media
Seven partners with UN Women Australia for International Women’s Day
Seven West Media is proud to announce it has joined with UN Women Australia as the Australian broadcast partner for International Women’s Day (IWD) 2021.
The new partnership reflects the joint commitment of UN Women and Seven West Media to focus on gender equality and celebrate the accomplishments of women.
IWD is a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating gender equality. Significant activity is witnessed worldwide as groups celebrate women’s achievements or rally for women’s equality, with the theme and focus for 2021 being “Women in Leadership: Achieving an equal future in a COVID-19 world”.
The partnership will see Seven West Media supporting key IWD events around Australia in the lead up to and on 5 March, three days before IWD.
We’re proud to enter into this partnership with UN Women Australia in support of International Women’s Day 2021.
For us, this is a natural partnership: our workforce has a 50-50 gender balance and over half of our managers are female. We’re honoured to join forces with UN Women Australia to celebrate International Women’s Day.
James Warburton, Seven West Media Managing Director and Chief Executive Officer
UN Women Australia looks forward to amplifying our work driving a gender equality acceleration agenda through this partnership.
It provides an important opportunity to reach more Australians this IWD and beyond, with a call to action around why equality matters, and the steps we can all take every day to enable every woman and girl equal opportunities to lead, learn, earn and live a life free from violence and discrimination.
Janelle Weissman, UN Women Australia Executive Director
As part of the partnership with UN Women Australia, Seven presenters will host IWD events around Australia. The five events will run simultaneously, reaching thousands of people across Australia.
We look forward to celebrating on Friday, 5 March as we reflect on this year’s theme of empowering women in leadership in a COVID-19 world, and supporting equality.
James Warburton, Seven West Media Managing Director and Chief Executive Officer
About UN Women
A global champion for women and girls, UN Women is the United Nations entity responsible for promoting women’s empowerment and gender equality and was established to accelerate progress to meet the needs of women and girls worldwide. UN Women Australia is a registered charity in Australia which exists to raise funds for and awareness of UN Women’s work across the Pacific and around the world.
Each year, UN Women Australia hosts the pre-eminent International Women’s Day events around the country – in Brisbane, Sydney, Canberra, Melbourne and Perth – to celebrate global achievements and discuss actions needed to continue accelerating gender equality. The events create an opportunity for inclusion, drawing together people from diverse backgrounds across Australia to empower, inspire, motivate and benefit individuals and communities towards advancing gender equality, here in Australia and globally.
No country in the world has achieved gender equality. Through our events, we aim to put the spotlight on global issues that perpetuate gender inequality and highlight actions we can all take on the path to a gender equal world.
Sad but not a big surprise considering the cost of leasing in Sydney CBD and their financial situation.
Here’s hoping they get a new set at Eveleigh that is multi-purpose.
7 Likes
Saw this coming a year ago.
16 Likes
Isn’t multi-purpose, or at least works for multiple shows like Nine’s!
RIP “Channel Nine needs a street-side studio like Channel Seven”, 2004-2021.
14 Likes