If that was directed to me, definitely not wishing them a slow death. It just seems that way given their current state.
They desperately need a SVOD service, however it seems like that opportunity is (almost) lost with so many now available.
Nine entered with Stan at the right time.
Under the new model, SWM will have three divisions: Television, Digital and Western Australia. Sevenâs chief content officer, entertainment programming, Angus Ross, has been appointed group MD, Seven Television; SWM chief digital officer Gereurd Roberts takes on the new role of group MD, Seven Digital. Maryna Fewster continues as CEO, SWM Western Australia, responsible for SWMâs market-leading broadcast, digital and print brands in that market.
Meanwhile, current director of operations and transformation, Trent Dickeson, has been appointed to the new role of chief operating officer and acting chief financial officer, Craig Haskins, has been appointed chief financial officer.
From SWM
Seven West Media (ASX: SWM) today announced the appointment of Craig Haskins as Chief Financial Officer.
Mr Haskins has been Acting Chief Financial Officer at SWM since April and his appointment follows an extensive recruitment process over the past six months.
Mr Haskins is currently Principal of Eastern Hill Advisors. He is an advisory board member of Merricks Capital, a non-executive director of global insurance group Enstar, a former Managing Director at Jefferies Australia, and has held senior capital markets roles at Credit Suisse, UBS and Merrill Lynch.
Today SWM also announced the introduction of a new operating model designed to deliver on strategy, that includes optimising its television business and delivering on the digital future.
Under the new model, SWM will have three divisions: Television, Digital and Western Australia.
Sevenâs Chief Content Officer, Entertainment Programming, Angus Ross, has been appointed Group MD, Seven Television. SWM Chief Digital Officer Gereurd Roberts takes on the new role of Group MD, Seven Digital. Maryna Fewster continues as CEO, SWM Western Australia, responsible for SWMâs market-leading broadcast, digital and print brands in that market.
Trent Dickeson, currently Director of Operations and Transformation, has been appointed to the new role of Chief Operating Officer.
SWM Managing Director and Chief Executive Officer, Jeff Howard, said: âTo build a better media business and to make the most of the opportunities ahead of us, we need to change the way we think and operate. That includes changing the way our executive team is structured and how it works together.
âWeâre setting up new, accountable and transparent profit centres for our Television and Digital business units. The dedicated, end-to-end digital business unit will make sure we capture all the growth digital is going to deliver. Television and Digital will work very closely with our content teams to ensure we maximise the digital growth opportunity as it develops. Weâre also appointing a Chief Operating Officer to drive continuous improvement and efficiencies.
âWe now have three clear divisions covering Television, Digital and WA. They will be supported by executives and teams working across all three to achieve stronger cooperation, consistency and the best possible results for everyone,â he said.
Other management changes announced today include the appointment of Brook Hall as Seven Networkâs Chief Content Officer; he was previously Sevenâs Director of Content Scheduling. Seven Adelaide Managing Director Vikki Friscic takes on the newly created role of Head of Sales Strategy and Enablement.
As part of the changes, a number of redundancies and other cost actions have been taken. Seven West Media will present its FY24 results on 14 August 2024.
Seven were never realistically in a position to have the rights exclusively. For all their bluff and bluster about the quality of the cricket rights and wanting to walk away they went back in for another round - driven no doubt by the perceived need to have some sport over summer with the tennis off the table.
Itâs easy to blame others for their predicament, especially around their onerous sports deals - but they agreed to them eyes open.
moving this to this thread - mods thereâs other SWM redundancy discussion in that Seven News content thread which could also be moved
Remembering heâs only been HoS since late 2019 IIRC, taking over from Saul Shtein, who was let go when James Warburton returned as CEO. Following the whole Tim Worner mess and Seven plummeting that year before a turnaround.
Not sure how much sports rights negotiations etc Martin was actually involved with prior to then. But he was GM/MD of HSV since 2008, replacing Ian Johnston and had been in senior sales leadership for about 15 years before that.
Its sounds like individual stations wont have general managers going forward.
Maryna Fewster is the de facto general manager of TVW, as the CEO of SWM Western Australia.
At the end of the day Seven is suffering from not expanding itself like other networks.
News Corp has got pay TV, streaming, print and digital news and a big sport portfolio. 10 has hitched itself to Paramount. Nine has acquired subscriber-based news and streaming services to diversify its portfolio and increase its attractiveness to advertisers, and Stan Sport in particular is going to be a big part of acquiring exclusive rights to various codes in coming years. In hindsight all three, especially Nine, have played their cards really well.
Where does that leave Seven? TV, BVOD and a single newspaper in WA. The Nightly and Sevenâs free website arenât nearly enough. They either need to turn to Comcast for a takeover or thereâs going to need to be a serious rethink of their strategy.
Seven West taking over SCA and entering the radio market might help, along with taking the remaining Seven reginal stations.
Given their investment in ARN I suspect youâd probably see them taking over them instead.
So youâd be happy for Comcast/NBC to acquire Seven and do a âParamount styleâ âwe can fix thingsâ? Even if it meant that Home and Away became a Peacock exclusive in the US and Seven became the âhomeâ of all the rejected NBC/Sky (UK) content they couldnât sell??
One the main reasons that CBS taking over 10 didnât work out is because CBS then merged with Viacom, who then put 10 under the same management as Channel 5 UK, who didnât understand a market like Australia, and then gutted popular local talent and newsrooms to fund failing reality shows.
If CBS and Viacom didnât merge, 10 would be in a better place now than before.
NBC buying Seven could actually be a good thing IMO.
need to turn to Comcast
nah we dont need more yank trash oh thats right
98% of âaustralianâ tv is amerikan trash
thats the real reason why not many people watch tv
apart from doctors offices
Seven Westâs market cap and share price has cratered 55% year on year. Thatâs because 100% of their revenue is tied to the ad market which is in structural decline thanks to meta, Google etc
They have absolutely no exposure to new revenue streams and being able to monetize the content they spend billions on through paid subscriptions
They missed the boat on this 5 years ago
Lack of vision and forward thinking hanging on to the idea that growth can happen through a contracting revenue channel (advertising)
7News Brisbane weatherman first presenter named in budget cuts axing:
uh whats this
98% of Australian television is not American Trash.
This would mean 7 using the resources of NBC News for their news content in the US as well as Sky News (the other one) for news in the UK if Comcast buys out SWM.
Also Peacock launching would affect Foxtelâs content deal with NBCU
