James Warburton

Tim Worner's six years as Seven West Media chief executive have come to an abrupt end, with chairman Kerry Stokes saying "now is the time for change".

Seven West Media aims to wring every drop of value from its traditional media assets after reporting a $444.5 million full-year loss and flagging another fall in earnings for the year ahead.

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.

Seven West Media has struck a deal to sell its magazine assets, which include Marie Claire, Men's Health and New Idea, to Bauer Media for $40 million in cash.

Shares in Seven West Media have dropped to a record low after the media company posted a $67 million first-half loss as Australia's TV market continued its rapid decline.

Seven Group Holdings has withdrawn its market guidance on the back of falling advertising revenue and declining oil prices, on the same day that Seven West Media criticised a report it was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

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

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.

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.

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

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

Seven West Media is proposing to buy regional TV broadcaster Prime in a deal valued at $131.9 million.

A significant increase in revenues spurred by a solid TV advertising market during the half year has buoyed Seven West Media’s net profit by 3.2 per cent to hit $120.5 million.

Seven West Media will buy back up to 10 per cent of its shares, following a boost to revenue for 2021/22 but a drop in after-tax profits.

Channel 7 and Foxtel have signed a new deal with the AFL that will extend the pair's existing broadcast rights into the 2030s.

Seven West Media's television revenue will likely drop by eight per cent in the first half, CEO James Warburton has told the company's annual general meeting.

Media conglomerate Seven West will not pay out a dividend after a decrease in half-yearly earnings, despite strong digital growth.

Kerry Stokes-chaired Seven West Media’s newspaper division has recorded falls in advertising and circulation revenue alongside a 7 per cent slump in profit.

Billionaire Kerry Stokes has been returned as chair of the Seven West Media board at the company’s annual general meeting this morning.

Seven West Media has acquired a near 20 per cent stake in ARN Media Limited, becoming a major shareholder of the Sydney-based broadcast radio company.

James Warburton will resign as Seven West Media chief executive at the end of the financial year, with a successor already announced.

Net profits after tax have halved to $63 million for Kerry Stokes' media conglomerate, while revenue has dropped five per cent.