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.
Read MoreTag: SWM
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.
Read MoreSeven 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.
Read MoreChallenges continue for Seven West Media
Seven West Media reported declines in revenue and profits for the fiscal year ending on June 30.
Read MoreLocal 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.
Read MoreBottom 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.
Read MoreMarket 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.
Read MoreSeven 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.
Read MoreSWM – UBS rates the stock as Buy
The Buy rating and $0.95 target price are retained.
Read MoreSeven 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.
Read MoreLate Run of Green Lights at the ACCC
Was it clean-up day at the ACCC yesterday or a belated Black Friday sale, with three corporate deals given the green light after hanging round for a while?
Read MoreCashed-Up Seven West Buys Prime Assets
Fresh off refinancing their bank debt last week, Kerry Stokes’ Seven West Media yesterday announced plans to buy the assets of its NSW regional affiliate Prime Media Group.
Read MoreProfit Briefs: BEN, SWM, CAR, LLC
With peak reporting season upon us, here are snippets from the results announced yesterday by Bendigo and Adelaide Bank, Seven West Media, Carsales.com, and Lendlease.
Read MoreSWM – UBS rates the stock as Buy
The analyst lifts the FY21 EPS forecast by 9% and maintains the Buy rating and $0.60 price target.
Read MoreNewsflash – Seven West, Challenger, Whitehaven Coal
Updates Thursday from the Kerry Stokes-controlled Seven West Media, annuities group Challenger, and NSW miner Whitehaven Coal had varying effects on their respective share prices.
Read MoreSeven West Shares Dip Despite Cautious Optimism
Kerry Stokes’ 40% owned Seven West Media has issued a cautious upgrade to its March quarter trading performance while confirming revenue deals with Google and Facebook.
Read MoreSeven West Clawing Its Way Back
Kerry Stokes’ Seven West Media’s chances of surviving have taken a turn for the better with a solid improvement in the troubled media company’s financial position in the six months to December.
Read MoreA Tale Of Two Media Companies: Fortunes Diverge For Nine & Seven
The annual meetings of Nine Entertainment and Seven West Media gave us very different pictures of current trading conditions at the start of the 2020-21 financial year – on the one hand Nine has found more revenue, cut costs and is now looking at a much better result for the six months to the end of December, forecasting profit rise of “around 30%, according to CEO Hugh Marks in an update.
Read MoreSeven West Shares Head South Amid Barren Media Landscape
Another very weak result from Seven West Media for the year to June will see shareholders go without any dividends for the third year in a row.
Read MoreITV’s Profit Collapse Provides A Likely Preview For Local FTA Sector
ITV, the UK commercial free to air TV broadcaster has confirmed that it will drop its final dividend for2020 after revenue slumped sharply in the six months to June, sending pre-tax earnings down more than 90%.
Read MoreSWM – UBS rates the stock as Neutral
Seven West Media’s debt facilities have been extended and secured via a security deed, reports UBS.
Read MoreStokes Continues Media Selldown As Seven West Exits UK Studios
The dismemberment of the Kerry Stokes’ media empire, Seven West Media continues with the sale of the company’s controlling interest in much of its international production businesses in the US and UK to Beyond International for an undisclosed amount.
Read MoreCoronavirus Rattles Fragile Media Sector
ITV, Britain’s main commercial TV broadcaster and production group has sent 800 staff – 15% of its workforce on leave as ad revenue tanks in the wake of lockdowns and social distancing rules designed to slow the spread of COVID-19 and bring it under control.
Read MoreBauer Cuts Create More Doubt Around Pac Mags Sale
More bad news for the struggling Seven West Media – its attempts to sell its unwanted Pacific Magazines business to Bauer, the local arm of the German publishing giant.
Read MoreSeven West Media Drags Bauer To Court Over Pac Mags Sale
The odds that Seven West Media will get $40 million from the sale of its Pacific Magazines business to Bauer Media have lengthened after the Kerry Stokes controlled company said yesterday it had started action in the NSW Supreme Court to compel Bauer Media to complete its deal.
Read MoreoOh!media In $167m Equity Raising At Deep Discount
oOh! Media (OML) is tapping shareholders with a deeply discounted placement to raise $167 million that will dilute existing holders stakes in the troubled outdoor media group.
Read More“Escalating Uncertainty” Sees Seven West Withdraw Guidance
Seven West Media joined the growing list of casualties on Tuesday morning, withdrawing its 2019-20 earnings guidance. The withdrawal came a day after the shares closed at an all-time low of just 6.6%, much of that fall due to the company’s high debt and worsening trading over the last two years.
Read MoreVirus Infects Already Fragile Media Sector
Stand by for a bailout of the Australian media sector. A decision on whether a recapitalisation will happen at oOh!media is due to be known today while shares of national radio and regional TV group, Southern Cross Media have collapsed.
Read MoreSWM – Credit Suisse rates the stock as Neutral
First-half earnings were lower than Credit Suisse expected. This was primarily because of lower earnings in TV and higher-than-expected costs.
Read MoreDebt Laden Seven West Media Mired In The Red
The six months to December 2019 were another half year to forget for Seven West Media and the market reckons there’s worse to come over the remainder of 2020.
Read MoreSWM – Credit Suisse rates the stock as Neutral
The company has effectively sweetened its offer for Prime Media ((PRT)) by consenting to the payment of a 3.0c special dividend. Based on the last close, Credit Suisse calculates this implies an offer price of $0.20 per Prime share.
Read MoreInvestors Scramble Seven In 2020 Programming Pitch
The reaction from investors to the Seven’s ‘upfronts’ for next year was reminiscent of how a bride should be dressed for the big day – something old, something new, something borrowed, something blue.
Read MoreSeven West Continues Clean Up With Pac Mags Sale
Shares in Seven West media ended up more than 11% yesterday at 43 cents after the confirmed the much tipped $40 million cash sale of Pacific Magazines to rival publisher, the German-owned Bauer.
Read MoreSWM – UBS rates the stock as Buy
The company is proposing a merger with Prime Media ((PRT)) through a scrip-based arrangement. Each Prime Media shareholder will receive 0.4582 in Seven West shares.
Read MoreSeven West Wields The Axe Amid “Challenging TV Landscape”
Seven West Media’s new CEO, James Warburton has stepped up his axing of staff and programs with the Sunday Night pubic affairs program cut yesterday, as well as the company’s corporate affairs head and publicity people in Melbourne, Brisbane, Perth, and Adelaide.
Read More“Tough Year”: Seven West Media Hits The Skids
With the economy expected to slow, no real wage growth, the impact of weak demand hitting advertisers and the growth of streaming services, the media markets are not getting any easier for Seven West.
Read MoreSeven West Media Confuses With Community Newspaper Play
What is going on at Kerry Stokes’ 41% owned Seven West Media? There are some very mixed up messages coming out of the embattled broadcaster and newspaper owner. In fact, based on what slipped out on Monday in Perth it looks more like a proprietor-driven domination of the WA media than anything sensible.
Read MoreSeven West Finally Seals Sale Of Yahoo7
Seven West Media has finally sealed the sale of its 50% interest in Yahoo7 to Verizon Media (formerly Yahoo, and then Oath) at a significant loss to book value.
Read MoreSeven West Shares Head South On Advertising Fall
Seven West Media shares crashed yesterday losing 10% to 50 cents at one stage and nudging the all-time low of 49.5 cents after a weak first half result and a weaker trading outlook for the rest of the financial year.
Read MoreDownbeat Domain Adds To Media Gloom
The fall out from last Friday’s trading updates from Nine Entertainment and Fairfax Media ahead of the release of the documentation for their planned takeover deal continued to batter the media sector yesterday on the ASX.
Read More
