Shareholders block Australia’s Seven West Media and Prime Media merger

The proposed merger between Australia’s Seven West Media and regional broadcaster Prime Media Group has been blocked by shareholders. Instead, Seven has taken a 14.9% stake without making a full takeover bid for Prime. “While we’re disappointed with the outcome of today’s vote, we remain committed to Prime,” said Seven CEO James Warburton. “As Prime […]

Seven parent plunges with A$1.9bn loss

Seven West Media has posted a massive loss of A$1.89 billion (US$1.34 billion) in its 2015 full-year results. Despite SWM’s commercial channel, Network Seven, leading the Australian free TV ratings for the ninth year in a row, various impairments relating to TV licences saw earnings plunge into the red. Excluding these ‘significant items’ that totaled […]

News brief: Flame tracks down Outback Truckers

Australia-based Flame Distribution has acquired the three seasons that comprise 7Mate series Outback Truckers. The sales house has taken on international distribution of the Prospero Productions show ahead of its season three premiere in Australia today at 8.30pm. The show follows truckers in the Australian Outback as the move good and freight around the country.