News Articles for Seven West Media

iiNet founder Michael Malone has been appointed chair of Brisbane-based fibre network operator Superloop.

Changes at Clifford Chance

Perth-based HealthEngine has shown that investors still have an appetite for quality tech companies, announcing today it has raised $26.7 million from venture capital and private equity investors in a deal led by major global player Sequoia India.

Startup accelerator Plus Eight has revealed the six finalist companies that are participating in its inaugural program, with four of them originating from Perth.

Business News sat down to lunch at Julio's with the experienced media executive, Ray Wardrop, managing director of Channel Nine Perth.

Charles Fear has stepped down as chief executive of Argonaut, while retaining the role of chair.

Seven West Mediatoday announced the retirement of Chris Wharton as chief executive officer of Seven West Media WA, several months after he left the office on extended leave.

Local entrepreneur Tim Brewer has joined a cohort of mentors and advisers for a new Perth-based startup accelerator program, Plus Eight, which will begin in March, around the same time Commonwealth Bank of Australia will bring its Pop Up Innovation Lab to town.

Kerry Stokes' Seven Group Holdings has slipped to a half-year loss of $41.8 million due to $145 million of write-downs almost entirely related to the value of its stake in Seven West Media.

Seven West Media appears to have put a value of $16.9 million on The Sunday Times newspaper and Perth Now website, as the publisher and broadcaster posted a sharp drop in first-half net profit and dividends, and sought to direct attention away from its ongoing battle with CEO Tim Worner's former lover.

Seven West Media has secured an interim injunction against chief executive Tim Worner's former lover as it seeks to stop her releasing what it says are confidential documents she should not possess.

The Australian Shareholders' Association has called for companies to do a better job of communicating with their shareholders, following the resignation of a Seven West Media director on the eve of today's report on misconduct allegations against chief executive Tim Worner.

Seven West Media chairman Kerry Stokes says Australia's high broadcast licence fees and lack of incentives for local content are making production in overseas markets more attractive.

The first Sunday Times newspaper to be published under ownership of Seven West Media will be printed later this month, after purchase contracts were officially signed today.

The Business News index of 30 Western Australian companies outperformed the ASX200 in the September quarter on the back of stronger showings from a handful of miners and contractors.

Netflix rival Presto will close at the end of January after Seven West Media agreed to sell its 50 per cent stake in the streaming service to co-owner Foxtel.

Today's news that the Australian Competition and Consumer Commission will allow Seven West Media to merge The West Australian with News Corporation's The Sunday Times newspaper should come as no surprise – consumers have been losing interest in both for some time.

Seven West Media can push ahead with its acquisition of News Corp's The Sunday Times and perthnow.com.au after the competition watchdog declared it won't hurt competition for consumers or advertisers.

WA hosted 20 major charity bike rides during the past year, collectively raising about $10 million, but the numbers are set to fall.

Perth charity Telethon Adventurers has plans to expand nationally at the end of this year, following the success of recent fundraising and research programs.

Uber drivers using the service as a supplementary income should declare it to their primary employer, according to Minter Ellison partner Kathy Reid, after a driver who had worked during sick leave lost an unfair dismissal claim.

Premier Colin Barnett has voiced his opposition to The West Australian's proposed purchase of The Sunday Times as the competition watchdog raised concerns of its own.

Seven West Media shares fell more than 15 per cent after the company forecast a big drop in earnings for the year ahead because of a still-softer advertising market and the cost of broadcasting the Olympics.

Major health insurers HBF and Bupa have announced they will invest in the development of fellow insurer nib's online health service platform, Whitecoat, which promotes itself as a TripAdvisor-like model offering consumers search, booking, survey, and pay functions for healthcare treatment.

Seven West Media says it will put shareholders first as it weighs various options in the wake of joint venture partner Yahoo's takeover by Verizon.

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.

Western Australian companies have outperformed the broader stock market over the six months to June 30, judging by the performance of Business News' BN30 index.

The West Australian newspaper has announced staff cuts as parent group Seven West Media progresses its plans to buy The Sunday Times newspaper and Perth Now website from News Corporation.

Pressure is mounting on local media players amid growing digital disruption.

Prominent corporate adviser John Poynton, former mining executive Bill Turner, and Supreme Court judge Carmel McLure are among the Western Australian luminaries to receive honours as part of this year's Queen's Birthday awards.

The clock is ticking for the leaders of some of WA's biggest businesses, beset by low growth and a sluggish outlook.

Seven West Media has this morning confirmed plans to buy Perth's The Sunday Times newspaper and the Perth Now website from Rupert Murdoch's News Corporation.

The prospects of a Perth consumer newspaper monopoly are firming, with the Australian Competition and Consumer Commission preparing to review a tie-up between The West Australian and The Sunday Times.

Lee Rodne has resigned as managing director and chief executive officer of Admedus, effective 30 June 2016. Mr Rodne has been a part of the company since the past 10 years.

Creative agency RARE and media buying business Carat have won major contracts with Seven West Media, ending Marketforce's 40-year run as the go-to marketing communications agency for SWM's The West Australian.

Brian J Rear has resigned as a director of Horseshoe Metals.

Kerry Stokes' Seven Group Holdings will undertake another share buy-back after tough market conditions pushed first-half profit down.

Kerry Stokes' Seven West Media expects a 10 per cent fall in full-year earnings as advertising markets in both TV and print show no signs of growth.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.