Seven Network Limited
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| Seven Network Limited | |
 |
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| Type | Public (ASX: SEV) |
|---|---|
| Founded | 1956 |
| Headquarters |  Sydney, Australia |
| Key people | Kerry Stokes, Executive Chairman David Leckie, CEO |
| Industry | Media |
| Products | Television |
| Owner | Kerry Stokes > 40% substantial shareholder[1] |
| Website | sevencorporate.com.au |
Seven Network Limited, or Seven, is one of Australia's major media companies. It is headquartered in Sydney, Australia. In December 2006, company shareholders voted to support an arrangement to form a joint venture with Kohlberg Kravis Roberts named Seven Media Group.[2]
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[edit] Assets
While originally focusing on running a television network, Seven has recently diversified into a range of other media areas over the past decade. Below are some of the businesses it has run, or is involved with:
[edit] Current
- A 50% share of the Seven Media Group, which in turn owns:
- The Seven Network television network.
- Magazine publishing business Pacific Magazines.
- A 50% share in Yahoo! 7.
- A 33% share of pay-television channel Sky News Australia.
- It operates the Austext teletext service.
- It owns C7 Sport, which had a number of subscription sport channels and is continuing its efforts to find carriage again. The service was originally available on Optus Television and Austar plus Foxtel during the Olympic Games in Sydney
- A 33% share in mobile solutions enabler m.Net Corporation, making it a major shareholder along with Telstra and Alcatel.
- A 15% stake in West Australian Newspapers Holdings Limited.
- A 34% stake in Engin.
- A 3-5% stake in Fairfax.
[edit] Past
- It owned a large stake in the Telstra Dome (previously Colonial Stadium) stadium in Melbourne.
- It was a former stakeholder in the Optus TV consortium.
- It owned a part of Metro-Goldwyn-Mayer - Once during the Christopher Skase ownership through Qintex in 1989 and again with Kerry Stokes in 1997.
- It was a former partner in the AOL7 Internet joint venture with America Online and Telecom New Zealand subsidiary AAPT. This venture is now owned by Primus Telecom and has been renamed "Primus-AOL", but Seven continues to supply it with content.
- It owned Ticketmaster7, a ticketing company.
- It owned a majority stake in B Mobile, a mobile phone retailer but has now sold out.
- It owned the (now defunct) i7 portal.
- It was a partner in Sports Vision, a company that ran the now defunct Sports Australia channels.
- It owned Australia Television (now Australia Network), a FTA satellite service broadcasting to Asia and the Pacific.
- It and Granada Television each owned half of the Red Heart production company. The two companies retain close ties.
[edit] References
- ^ 2006 Annual Report
- ^ "Seven shareholders approve media spin off", The Age, December 22, 2006. Retrieved on February 4, 2007.
