News Articles for Seven West Media

Perth technology company HealthEngine has made a key change in its corporate structure, signalling it is moving closer to proceeding with a stockmarket float.

Neville Owen's ties to Kerry Stokes have created more complications for the Crown casino inquiry after Business News unearthed details of a joint venture with Tim Roberts.

Self-made billionaire Kerry Stokes is retiring from the board of ASX-listed Seven Group Holdings, but the 80 year old will retain a well-paid consultancy role.

John Alexander will today become the third witness at the Crown casino inquiry with links to Kerry Stokes, who has close personal and business ties to royal commissioner Neville Owen.

Seven West Media has bounced back following a difficult 2020, posting a statutory net profit of $318 million.

The conjecture surrounding royal commissioner Neville Owen became murkier today when the Premier repeatedly obfuscated after being asked to clarify his own role in the appointment.

ANALYSIS: The relationship between commissioner Neville Owen and Kerry Stokes has unexpectedly become the big news to emerge from the Perth Casino Royal Commission.

Royal commissioner Neville Owen has sought to quash any concerns about conflicts of interest by acknowledging he is a director of a key company in Kerry Stokes' business empire.

Kerry Stokes-led Seven Group is poised to take control of listed building and construction company Boral after lifting its ownership stake above 50 per cent.

Seven West Media has announced plans to retire the 36-year-old Community Newspapers brand, relaunching the products as PerthNow newspapers from August.

Seven West executives have forecast full-year earnings that exceed analysts' estimates and say the momentum will continue with its Olympics and Ashes coverage.

Kerry Stokes' Seven Group has announced an off-market takeover bid to up its stake in Boral, valuing the Sydney-based industrial company at nearly $8 billion.

Seven West has finalised a five-year content-sharing deal with Google and signed another three-year deal with Facebook.

Facebook has struck content deals with Australia's two largest media companies, News Corp and Nine Entertainment, following the recent introduction of bargaining laws.

Cricket Australia could provide up to an $8.3 million discount to broadcaster Seven West Media, in light of the financial impact from changes to the current season.

News has returned to Australian Facebook feeds with the social media behemoth dropping its ban after reaching a deal with the federal government.

Treasurer Josh Frydenberg says Facebook's ban on Australian news and information should be a wake-up call for the rest of the world.

Facebook has struck a preliminary news sharing agreement with Seven West Media, just hours after the federal government agreed to further amend its mandatory media bargaining code.

Treasurer Josh Frydenberg has lashed Facebook for its heavy-handed censorship of Australian news and information.

Facebook is expected to follow Google in striking lucrative lump sum deals with Australian media companies to avoid being stung under world-first laws.

Australia's media code will be tweaked to make it clear tech giants are expected to pay news organisations a lump sump rather than for every time an internet user clicks on a link.

Seven West Media has today become the largest Australian news organisation to strike a content sharing agreement with Google, while also announcing a profit recovery.

A former adviser to Colin Barnett and friend of Basil Zempilas has been picked to fill a key corporate communications role at the City of Perth.

The updated WA ‘rich list' shows the state's iron ore magnates are moving far ahead of people who made their money in other industries.

With about 13 weeks until the state election, can a 33-year-old first-term MP defy the odds and become Australia's youngest serving premier?

Media power has become too concentrated in WA and could be leveraged for commercial interests, former Liberal leader Mike Nahan warned in his valedictory speech on Tuesday.

Nine Entertainment and Seven West Media have stepped up their calls for the federal government to regulate social media giants Facebook and Google.

Mining magnate Gina Rinehart has become Australia's richest person after her net worth jumped 109 per cent to nearly $29 billion.

Di Bain has challenged her opponents to disclose their conflicts after it was revealed her lord mayoral campaign had received more than $100,000 in contributions.

Having worked hard to adapt to the digital threats of an evolving media market, many publishers and broadcasters are now struggling with the impacts of COVID-19.

Seven West Media's underlying net profit was down 66.1 per cent to $40.8 million, due to a weak advertising market.

Perth-based HealthEngine has been ordered to pay $2.9 million in penalties by the Federal Court. It comes after the tech company achieved rapid growth but incurred big financial losses.

Gold miner Saracen Mineral Holdings has been added to the S&P/ASX 100 stock index, reflecting strong growth in the company's market value this year, while Seven West Media's steep slide has see

The business community has supported front-line charities during the pandemic, but the economic downturn may change this.

Seven West Media has found a buyer in Primewest for its Osborne Park headquarters and production facilities, with the ASX-listed syndicator launching a $75 million new trust to acquire the properties.

Seven Group Holdings has withdrawn its market guidance on the back of falling advertising revenue and declining oil prices, on the same day that Seven West Media criticised a report it was entertaining a prospective sale of West Australian Newspapers Holdings.

Investors seem wary of a couple of WA stalwarts, with a lack of timely decision-making in a changing marketplace part of the problem.

Seven West Media is understood to have gauged market interest for its Osborne Park property assets, but any sales process has likely been placed on hold because of continuing economic turmoil.

Woolworths has stood down 8,000 workers following the government ban on pubs, clubs and hotels while it has also postponed the separation and spin-off of its Endeavour division until 2021.

The Australian share market has suffered its worst day in over four years, closing the day at a six-month low amid a growing panic the coronavirus outbreak will trigger a global recession.