Seven Network Limited
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| Seven Network Limited | |
|---|---|
| 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.
- A 33% share in mobile solutions enabler m.Net Corporation, making it a major shareholder along with Telstra and Alcatel.
- A 17.3% 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), an 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.
- It owned C7 Sport, which had a number of subscription sport channels. The service was originally available on Optus Television and Austar plus Foxtel during the Olympic Games in Sydney
[edit] References
- ^ 2006 Annual Report
- ^ "Seven shareholders approve media spin off", The Age, December 22, 2006. Retrieved on 2007-02-04.
[edit] External links
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This article or section needs sources or references that appear in reliable, third-party publications. Primary sources and sources affiliated with the subject of the article are generally not sufficient for a Wikipedia article. Please include more appropriate citations from reliable sources, or discuss the issue on the talk page. This article has been tagged since December 2006. |
