Seven West Media notes sluggish advertising market, growth in broadcast audience
Seven West Media (ASX:SWM) has provided a trading update ahead of its 2024 Annual General Meeting at 11am today.
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Seven West Media Limited
Seven West Media (ASX: SWM) is one of Australia’s most prominent media companies, with a market leading presence in content production across broadcast television, publishing and digital.
The company comprises some of Australia’s most renowned media businesses, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and BVOD offering 7plus, as well as The West Australian and The Sunday Times and Seven Studios. Home to iconic brands such as Big Brother, House Rules, Farmer Wants a Wife, Home and Away, Better Homes and Gardens, Australia’s leading news and breakfast programs 7NEWS and Sunrise, Seven West Media is also the broadcast partner of the AFL, Cricket Australia and the Olympics.
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News
Seven West Media plunges into crisis
You can see why shares in Seven West Media (ASX:SWM) have hit new all-time lows of 14 cents this week, as the company revealed a 69% slump in earnings for the year to June.
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Seven West Media: A saga of decline and disappointment
Shareholders in Seven West Media (ASX:SWM), the proprietors of the Seven TV Network, have languished without dividends for over six years, underscoring the dismal performance of the company under the stewardship of Kerry Stokes.
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Challenges continue for Seven West Media
Seven West Media reported declines in revenue and profits for the fiscal year ending on June 30.
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Local Media on a Sticky Wicket Right Now
Analysts will be watching the Nine presentation at the Macquarie conference to see by how much Seven’s experience in weakening revenues shows up in its TV and newspapers.
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Bottom Line Buzz: BRG, TPW, SWM
The local reporting season for the December period is picking up steam - here are the important bits from the announcements by Breville Group, Temple & Webster and Seven West Media.
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Market Murmurs: SWM, SEK, GMG
Another busy ASX trading session on Tuesday with news aplenty, and here's the latest from Kerry Stokes' Seven West Media, HR firm Seek Ltd and logistics giant Goodman Group.
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Seven West, Nine Entertainment Talk Up Prospects
Updates from two of our major locally listed media groups, Seven West Media and Nine Entertainment, with both forecasting strong rises in earnings for the June full financial year.
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Seven West Smacked Despite Solid Interim
For reasons unclear, the market didn't like what seemed a solid interim result from Kerry Stokes' Seven West Media, sending shares down more than 6% in Tuesday trade.
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