The Seven Network and a private company owned by media magnate Kerry Stokes will have to hand over their lawyers’ invoices related to the failed defamation suit brought by war veteran Ben Roberts-Smith, in a significant setback to their claim that they should not have to bear the costs of those proceedings.
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Suck it, Kerry.
You stuck to the fool, you fall with the fool.
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Lucio Ribeiro joins Seven as Director – Digital Marketing and Innovation
The Seven Network today announced the appointment of Lucio Ribeiro to the newly-created role of
Director – Digital Marketing and Innovation, effective 1 August.Reporting to Seven’s Chief Marketing and Audience Officer, Melissa Hopkins, Mr Ribeiro will be
responsible for all digital marketing and innovation, including driving new avenues for Seven to
connect with audiences. He will work closely with Larissa Ozard, Seven’s Director Marketing –
Brand, Product and Trade, and the rest of the Marketing and Audience team.A pioneer in the field of artificial intelligence applied to marketing and advertising, Mr Ribeiro
is one of Australia’s most respected, awarded and innovative digital executives.He joins Seven from Optus, where he was Director of Technology, Innovation and Activation. In that
role, he was responsible for technology and digital innovation for Optus as well as the development
and deployment of new opportunities in emerging technology, including 5G, VR/AR, driverless cars,
cloud gaming and generative AI.Ms Hopkins said: “Lucio is not only one of the most capable and accomplished executives I’ve ever
met but he is also an incredible team player and charismatic leader. I’m so excited he has agreed
to bring his expertise to Seven, and I’m confident his knowledge will be a game-changer for how we
connect with Australia and will ensure Seven remains the heartbeat of Australia well into the
future.“The digital acceleration of Seven is gathering pace. We have big ambitions, and the creation of
Lucio’s role reflects our commitment to having our eyes set firmly on the future, getting even
closer to our audiences and delivering incredible results for all our partners.”Mr Ribeiro said: “I am energised by the challenges and opportunities for Seven in the media sector
and the extent to which my marketing and technology skills will be applied.“After the first meeting with the leadership team, I was already confident that Seven is positioned
for greatness and innovation, with the support of strong leaders, premium content and a ‘tech
playground’ where we can make magic happen. Seven and its audiences are evolving rapidly, and now
is a great time to become part of that.”Having been elected one of the most influential online marketers in the world by Marketing Today,
Mr Ribeiro is an MIT graduate in artificial intelligence, and the co-founder of digital agency
Online Circle Digital, which he sold in 2019. He is also a scholar of The Marketing Academy and has
lectured on digital marketing and AI at RMIT University and Deakin University.
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I suppose it’s marketing 101, do something stupid like wearing sneakers and suit pants, so people will talk about you
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That Seven ribbon logo desk ornament looks pretty nice 
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The emails will need to be produced before the costs hearing, set down for early September.
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2023 Full yesr Financial results
Growing total TV revenue share, managing costs and investing for the future
Summary of FY23
• #1 national total TV network
• Solid performance in a challenging environment, with unparalleled national TV reach driving
revenue share (excluding Olympics) and partially offsetting the 7.9% decline in the total TV
advertising market
• Costs managed in line with guidance, savings offset NBCUniversal costs holding year on year
growth to <1%
• Achieved revenue share target of >39% in 1H23 and 4Q. Grew underlying share (excluding Olympics
and Commonwealth Games) in each quarter, with FY23 underlying share increasing 1.2 share points
• NBCUniversal content driving digital audience growth, on track for two billion minutes annually
with step change from digital sports rights (cricket, AFL) commencing in September 2024
• Underlying 7Digital EBITDA growth of 17% (excluding Olympics and Commonwealth Games), with
digital now >49% of underlying earnings
• Content, platform and enabling investments ongoing and will drive digital leadership
• Group EBITDA of $280 million, down 18% year-on-year
• Net cashflow before temporary and capital items of $155 million, down 19%
• Net debt of $249 million; leverage maintained at <1x (0.9x net debt/EBITDA)
Overview
Seven West Media Limited (ASX: SWM) today reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $280 million and earnings before interest and tax (EBIT) of $238 million. These amounts represent a decrease of 18% and 23% respectively versus the previous corresponding period.
SWM reported group revenue including share of associates of $1,488 million and statutory net profit after income tax of $146 million. Underlying net profit after tax (excluding significant items) was $146 million, a decrease of 27% on the previous year.
Results
The group reported revenue of $1,488 million (including share of associates), down 3% on the prior year. The revenue decline primarily reflects a weaker advertising market with the year-on-year decline of 7.9% in the total TV market (metropolitan, regional and BVOD). The inclusion of a full year of regional earnings from Prime as well as an extra week in the first half largely offset the impact of revenue attributable to the Olympics in FY22.
Net debt of $249 million was down slightly from $256 million in the prior period with prudent leverage (net debt/EBITDA) of 0.9 times maintained. During the year, the group repurchased $15 million of shares under its on-market buy-back which will continue into FY24. The group has determined that the dividend will remain on hold given prevailing market conditions.
Full results
Also released:
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Some reporting
Paywall:
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Seven’s 2024 upfronts will be held on Wednesday, October 18, as part of the inaugural South by Southwest Sydney festival.
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Poor Mr Warburton, 
he’s not satisfied with the Women’s World Cup ratings because he can’t find enough places to place ads in football. Feel so sorry for him! 
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The metro market dropped 10% whereas the regionals only dropped 4% - suppose its hard for the regional to drop when revenue is allegedly not far off rock bottom
This shouldnt be that surprising - the WWC ratings will probably do nothing positive for Seven’s financial performance and it will be hard for them to leverage it for future sells. Any advertiser who partnered with Seven for the coverage is likely doing Sam Kerr-esque backflips though.
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You’re twisting his words - he didn’t say Seven aren’t happy with the WWC ratings but rather it’s not as commercially profitable for them as most would assume it would be because of the limited ability to show ads during football matches.
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Does FIFA limit what they can do? I’m honestly surprised we don’t see more US-style Picture in Picture ad breaks, especially with longer penalties and injuries. I think I saw one time where the screen got smaller for a McDonald’s banner.
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Who’s the guy on the right… 
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I read that no ads are allowed during coverage but that FIFA allowed Seven to place sponsors notices.
During more than an hour-and-a-half of nail-biting World Cup football, the only commercial messages on Seven were seen via a squeeze-back (when the screen shrinks a little to allow a sponsor’s message at the bottom of the screen). This is the first time FIFA has allowed such a commercial to be run during World Cup game coverage.
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Linear TV and profits in major year on year decline - yet Seven still absolutely nowhere in the paid streaming space.
Not gonna be pretty in 10-15 years for Seven West. They are way behind future proofing their business.
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I didn’t use his words so I’m twisting nothing. Just commenting on the commercial greed! Hope the next year sees a bigger fall in their profits.