Merger execution factors were behind chief executive Jeff Howard's abrupt exit from the combined Seven West Media and Southern Cross Austereo, as profit slipped 16 per cent.
The chief executive of merged media giants Seven West Media and Southern Cross Austereo, Jeff Howard, has suddenly stepped down on the eve of his first financial results.
Southern Cross Media Group has sealed its acquisition of Seven West Media after securing approvals, as SWM's chief financial officer announces his departure from the merged media company.
Shareholders of Kerry Stokes' Seven West Media risk losing their shares by forced sale if they don't carefully read the Southern Cross Media merger documents.
Kerry Stokes has issued a reminder to Seven West Media shareholders that he will remain “close” to the media company, as he prepares to step down as chair.
Australia's consumer watchdog will take a close look at how a proposed merger between Seven West Media and Southern Cross Media will impact competition in regional Western Australia.
Seven West Media and Southern Cross Media have shaken hands on a merger under which Kerry Stokes would step down as chairman of the board by early next year.
One of the largest takeovers in Australian radio history is dead in the water after the private equity firm involved in the deal suddenly withdrew its proposal over the weekend.
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 has announced an agreement to acquire regional TV broadcaster Prime Media, while the Kerry Stokes-chaired company will also divest its radio assets in Western Australia to Southern Cross Austereo.
A merger between Southern Cross Austereo and affiliate partner Nine Entertainment isn't on the cards even if the federal government's media reforms get through the Senate.
