The report says even printing staff will be affected. Does that refer to those working at SWM’s plant at Osborne Park in Perth? It may have something to do with Australian Financial Review withdrawing its print edition from WA in late May, after SWM doubled the paper’s printing cost. The withdrawal means less orders for the works.
The closure of Presto streaming platform and Seven Studios are now coming back to haunt them.
It would cost them even more if they didn’t show it.
There was a switchboard jamming uproar a few years back when they tried to stop screening Fat Cats goodnight boys & girls spot.
It was returned to our screens very quickly
This.
I’ve been saying it for years but until there is wide spread change of who is running the company at the top. The issue will remain that they are a TV business and not a media company
Seven West Media chief executive Jeff Howard has lost some of his most senior lieutenants including the head of sport and chief revenue officer as he attempts to reduce the company’s cost base.
Four sources with knowledge of the redundancies, who spoke on condition of anonymity as they were not permitted to comment publicly, said chief marketing officer Melissa Hopkins will also depart the business
Seems rather odd, especially when the 2025 AFL Broadcast rights deal is about to take effect, you would think maintaining direction would be important…
Also, when Seven’s rights contract with various sports like NFL, World Surf League, MMA and Supercars are up for renewal, who is going to lead the negotiations?
In addition to these key leadership cuts, TV Blackbox understands Seven West Media has made significant reductions to staff numbers within the Digital Content and Sales divisions in a move that likely to see the company publishing significantly less content via online portals including 7News.com.au and 7Life.
Seven have done some extremely stupid moves in the last decade which has resulted in this.
IMO one of the biggest was the joint AFL bid for $1b+ for the 2025 season, plus moving away from some of their streaming platforms.
I wouldn’t be surprised if Seven is eventually forced into on-selling the AFL rights in a few years because they can’t keep up with the cost for producing it.
Nine Entertainment is clearly one of the strongest media companies in Australia. Seven will end up in a situation like 10, they’re just a decade behind them. A slow and painful death.
Seven might have paid a bit too much for the 2025-2031 AFL broadcast rights, but I don’t think the joint bid is extremely stupid. Seven has broadcast VFL/AFL for much of the past six decades, and will do anything to keep it going.
Nine getting the AFL rights will make it invincible, adding to its line-up of rugby league, rugby union and the next five Olympic Games.
Losing the tennis was a big blow with the cricket rights a sub-par replacement. They probably paid too much for the cricket, but were desperate for a summer sport.
If they hadn’t kowtowed to Foxtel and CA’s greed then they’d be fine. Their reliance on Foxtel and News Corp is now seriously biting them financially as their sports ratings are a fraction of what they could be exclusively.
As for those wishing Seven a slow and painful death, that’s just going to make Nine (and 10 and others) more complacent and uncompetitive. We don’t want to encourage that. Seven probably needs to have a good look at themselves and wake up to the fact that they need to have a SVOD service amongst others. They should’ve teamed up with NBC and Peacock when they had the chance, or something else.