Seven West Media Limited
 |
|
| Public | |
| Traded as | ASX: SWM |
| Industry | Media |
| Predecessor | West Australian Newspapers Holdings Limited |
| Founded | 1992 |
| Headquarters | Perth, Western Australia, Australia |
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Key people
|
Kerry Stokes, Chairman Tim Worner, CEO |
| Products |
Television Radio Newspapers Magazines Websites |
| Owner | Seven Group Holdings (33.2%) |
| Website | sevenwestmedia.com.au |
Seven West Media Limited is an ASX-listed media company and is Australia's largest diversified media business, formed by the acquisition by West Australian Newspapers Holdings Limited (WAN) of the Seven Media Group. It has a leading presence in broadcast television, radio, newspaper publishing, magazine publishing and online. Seven Group Holdings Ltd (SGH), a company controlled by Australian Capital Equity, is Seven West Media's largest shareholder with 33.2% of Seven West Media shares and $250m Seven West Media convertible preference shares (CPS).
Seven West Media owns the Seven Network, Australia's largest commercial television network (by audience and advertising market share) and Pacific Magazines, publisher of leading lifestyle brands including Marie Claire, Better Homes and Gardens and New Idea. It also owns The West Australian (the only daily newspaper in Western Australia) and The Sunday Times (that state's sole Sunday paper), acquired in 2016, and 21 Western Australian regional newspapers, including Community Newspaper Group in a joint venture with News Corp Australia, nine regional radio licences, a specialist publishing business and WAN’s digital division.
Seven West Media is also creating a significant presence in online and new communications technologies, such as through its 50% interest in Yahoo!7, with global and local content across online, mobile and IPTV. On 21 February 2011, Seven Media Group announced its intention to merge with West Australian Newspapers Holdings Limited (WAN). WAN purchased Seven Media Group from Seven Group Holdings and partner Kohlberg Kravis Roberts, and announced the new company would be known as "Seven West Media". On 11 April 2011, the acquisition was approved by WAN shareholders. On 21 May 2013, Kohlberg Kravis Roberts sold its remaining 12% stake in Seven West Media.
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