Seven West Media


#122

Good on Seven - she just needs to f off.


#123

This will be good.

Has already appeared on ABC Radio this morning.


#124

The blogger who has had a grudge against Seven and Stokes for many years will be sentenced on Friday after he was found guilty of contempt of court for publishing details of the Amber Harrison case that had been and still is subject to a suppression order.


#125

#126

Dowling was due to appear in court on a second matter immediately after his sentencing and has a another matter due in court next week.


#127

Seven have won the ratings for the 11th straight year (on weeks won).


#128

There are still 2 weeks of consolidated data to come that could change that as Seven’s wins for the last two weeks have both been by a margin of <1% in overnight numbers.


#129

7 WONDER TAKES VIEWERS BACK TO THE LAND WITH KATE HUMBLE FOR BBC TWO

7 Wonder, one of the UK’s fastest growing independent production companies, has landed a re-commission from BBC Two for Back to the Land (12x60) with Kate Humble.

Following the success of the first three-part series, which launched last spring, Back to the Land will return as a 12-part series to celebrate rural Britain through championing the UK’s most inspirational rural entrepreneurs.

Presented by Kate Humble, the series will take viewers on a journey across the country to meet passionate people who are pioneering a rural revolution; turning the traditional view of what it takes to make a living in the sticks right on its head.

Along the way, the series will unveil some of Britain’s hidden gems synonymous with heritage and beauty. From the South West coast of Cornwall, to the New Forest of Hampshire and the rolling Yorkshire Dales; each episode will shine a light on a number of modern businesses, which are indigenous to the land and tell the story of the specific region; including the geography, climate, history and traditions.

Kate will meet the aspirational people behind the businesses and spend time with them at a crucial point of expansion and upheaval. She will follow them as they embark on new and exciting journeys to innovate their businesses, and provide first-hand support as they face some of their biggest challenges to date. Kate, who started her own business in the countryside a few years ago, will bring her insight, passion and knowledge of rural life to unpack the unique tales and celebrate some of their most joyous and successful moments with their families and friends.

Kate Humble says: “I’m delighted that we are going to be making another series. The stories of people who had taken risks, tried new things, been brave and innovative in order to create ways of making a living that they believed in, inspired and delighted not just the audience, but the whole production team and I! All of us can’t wait to get started again. This might be the beginning of a counter industrial revolution that sees everyone wanting to head Back to the Land!”

Sarah Trigg, Executive Producer at 7 Wonder adds: "We are absolutely thrilled to be making another series of Back to the Land with Kate. At its heart, it’s a stylish factual format, which touches on elements of history, geography and tradition. What we all enjoy about the creative process of making it is witnessing these incredible and aspirational people doing what they love to keep the countryside alive.”

The series was commissioned for BBC Two by David Brindley, Head of Popular Factual and Factual Entertainment. The Executive Producers for 7 Wonder are Alexandra Fraser and Sarah Trigg. 7 Wonder is backed by 7 Network Australia.


#130

Brother, can you spare a dime for Amber Harrison? She is raising funds to pay her legal fees. No donations yet after 14 hours.


#131

Come on now, there’s now $665! Including (and I have no reason to believe this is fake news!) $5 from TCN Channel 9 with a personal challenge for Channel 10 to to match or better their offer!


#132

I thought Seven had said that they wouldn’t make her pay up provided she maintained the suppression order


#133

Seven West Media Releases Annual Financial Results

• Seven West Media accelerates the transformation of its business across all platforms.

• Revenue and ratings leadership in broadcast television for the eleventh consecutive television year.

• Underlying EBIT of $261.4 million was within guidance.

• Underlying net profit after tax (excl. significant items) of $166.8 million.

• Recognised $988.8 million of significant items which predominantly reflect non-cash impairment of the carrying value of intangible assets, and recognition of provision relating to onerous contracts.

• Statutory net loss of $745.0 million.

• Revised market growth assumptions impacting the carrying value of Television, Newspaper, Magazine and Yahoo7 assets.

• Operating cashflows (before interest and tax) of $226.9 million.

• Fully franked final dividend of 2c brings full year payout ratio to 36 per cent of underlying NPAT.

• Seven West Media forecasts FY18 underlying Group EBIT to be 5 per cent lower than FY17.

Seven West Media today reported the company’s financial results for FY17.
Commenting, the Managing Director and Chief Executive Officer of Seven West Media, Tim Worner,
said: “Our results reflect a tough market, one that continues to change at pace, but a pace that we
must match in our transformation.”
“Despite these tougher conditions, we continue to lead in the core markets in which we compete,
while at the same time making the necessary and sometimes difficult decisions in the transformation
of our business. On the financials, our underlying EBIT was within guidance provided at the
announcement of our financial results for FY16. Operating costs continue to be a focus with
operating costs down $20 million (excluding Olympic Games, license fees and 3rd party
commissions).”

“This year we marked our 22nd consecutive half of ratings and revenue leadership in metro broadcast
television. We also expanded our leadership in content creation and distribution across new
delivery platforms with over 45 per cent share in live streaming and AVOD catch-up revenue. We have
continued to invest in creating our own content and we are growing our productions business
globally, delivering a further 11 per cent revenue growth in the year.”
“The West has successfully integrated The Sunday Times and PerthNow into the business and has
rapidly improved the digital offering of the business. Pacific, which has faced material revenue
pressure, is accelerating its transformation. We are also investing in new business where we’re
leveraging the power of our assets to help growth with very pleasing results.”
“This period we have booked a material impairment in the carrying value of our assets. This
reflects the current challenging market conditions which have led us to revise our market growth
assumptions, impacting the carrying value of intangible assets.”
Results

Seven West Media reports an underlying profit after income tax, excluding significant items net of
tax of $166.8 million on total revenues of $1,679.4 million. EBITDA of $306.7 million is down from
$363.5 million in the corresponding period with EBIT of $261.4 million.
This is within guidance outlined at the company’s 2017 interim financial results.

Seven West Media Limited reported a statutory net loss of $745.0 million for the year ended 24 June
2017. This compares to the previous year statutory net profit of $184.3 million.
Seven West Media recorded significant items of $988.8 million in the period, including the
impairment of intangibles, equity accounted investees, other assets including fixed assets,
restructuring costs, onerous contracts and net loss on disposal of investments.
The reduction in the carrying value of the television assets represented the largest proportion of
these write downs. Softer free to air market conditions and a revision in growth assumptions for
the market outlook have impacted the carrying value of the television licence and certain sports
rights. In the prior period, FY16, significant items of $32.9 million related to restructuring costs.

A final dividend of 2 cents per share (fully franked) has been declared.


#134

Worner’s strong point about Australia being at a “tipping point” with sports rights negotiations is very interesting and perhaps telling.

The AFL will be wanting to go higher and higher (not stagnate or go backwards), probably at least $3 billion you’d imagine, with at least $1 billion to come from Seven West Media?

His example about the BBL was also interesting, tells me perhaps Seven are still keen on that?

Also, this “scorecard” slide was used.

They had “No. 1 sport event” as the 2016 Rio Olympics (despite the 2016 AFL GF more than doubling its highest rating program - Opening Ceremony).

They had the “AFL” as the “No. 1 winter sport” & “Australian Open” as the “No. 1 summer sport”.

They have a way with words :thinking:


#135

Sports rights are already heavily overpriced. Would be nice to see a return to more reasonable pricing.


#136

Agreed. You can’t just keep on demanding more and more money.

And I read that they didn’t make money from the Olympics. If that’s the case, I am not sure if we are going to have Olympics on free-to-air in the future.


#137

Seven appoints Digital Sales Director (OTT Video)

Seven to launch new 100% owned total video OTT product in coming months

Seven today confirmed the appointment of James Bayes as Digital Sales Director (OTT Video).

Bayes will be a key member of the team working across Seven’s rapidly accelerating moves into over-the-top digital content delivery, including the network’s live sports coverage beyond broadcast television and the forthcoming launch of Seven’s new over-the-top business later this year.

Bayes joins Seven from Unlockd in New York, where he is Senior Vice President, International Business Development, overseeing that company’s international expansion into subscription video on demand and OTT. Prior to joining Unlockd in 2015, Mr Bayes was Head of Digital Sales and Operations at Southern Cross Austereo. Bayes has also held key roles in advertising and media buying agencies as Communications Manager at Starcom Mediavest in Australia and in digital planning and media buying at Agency Republic and OMD in London.

Seven is moving into delivering its total video assets across OTT, social and broadcast and recently confirmed the forthcoming launch of a 100% Seven owned and operated OTT product. This will also provide a catalyst for the company’s further moves into the rapidly expanding total video market.

Kurt Burnette, Seven’s Chief Revenue Officer, said: “As the market leader in long-form content creation and the aggregation of audience, digital expertise is critical to our “total video” strategy across screens. To do that we need the very best people. We have searched far and wide to find the best possible person to deliver on that strategy and as such I am delighted to welcome somebody of James’ calibre to the team. Our aim is to change the game in total video for consumers and advertisers, and James is exactly the person to help us do that.”

Clive Dickens, Seven’s Chief Digital Officer, said: “Over the past 12 months, Seven West Media teams have delivered over 100 per cent YoY growth in our O&O digital revenue off the back of some outstanding digital products, premium content and live sports events. The opportunity to work with James to accelerate this monetisation is extremely exciting.”

James Bayes said: “I’m thrilled to be joining the Seven West Media team to help drive the next phase of their total video strategy, bringing the best screen experiences to both consumers and advertisers. Seven West Media’s vision for connecting consumers to premium sporting environments and market leading content brands across screens is world class. With the upcoming Rugby League World Cup, Australian Open, Gold Coast Commonwealth Games and Olympic Winter Games and the launch of our new OTT product, I look forward to helping our partners leverage Seven West Media’s market leading products and environments to tell their stories and achieve results across screens. There’s
a lot to be excited about.”


#138

Seven’s partnership with Twitter has been strengthened as part of Twitter’s announcement of a slate of live and in-stream video content deals this morning. It include highlights from Seven’s coverage of Australian Open tennis; interviews and bonus clips from Seven shows like MKR and House Rules, and daily news updates from Sunrise, The Morning Show and Seven News.


#139

Statement from Seven West Media Limited:

Reports of approach from Prime

22 September 2017

To keep the market informed regarding reports of talks with Prime Media, Seven West Media confirms that there was a conceptual proposal received from Prime but that this did not result in any agreement. Seven West Media has discussions with its affiliate when appropriate on various matters of common interest.


Prime7 and GWN7
#140

Amazing. After the recent scandal, Seven are getting absolutely roasted.


#141

How can someone create a GoFundMe page in error? It presumably takes a number of steps to create a page.