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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Seven West Media Limited    SWM   AU000000SWM4

SEVEN WEST MEDIA LIMITED

(SWM)
  Report
End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 02/18
0.205 AUD   -21.15%
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Seven West Media : Statement on the Morrison Governmen...

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12/11/2019 | 08:06pm EST

Thursday, 12 December 2019

Statement on the Morrison Government's response to the ACCC Digital Platforms Inquiry Final Report

Seven West Media (ASX: SWM) today welcomed the Morrison Government's response to the ACCC's Digital Platforms Inquiry Final Report.

James Warburton, Seven West Media Managing Director and Chief Executive Officer said: "We welcome today's response from the Government to the ACCC's Digital Platforms Inquiry Final Report, supports the majority of the ACCC's recommendations."

"Seven is particularly pleased by the announced process to swiftly address out of date Australian content requirements that are currently holding back Australian media businesses. We encourage the Government to move quickly to provide certainty to industry and put in place a new framework for content that better reflects commercial realities and the changed viewing patterns of Australian audiences.

"The urgent need for regulatory equality between foreign Digital Platforms and Australian companies has been recognised by the Government. We see this as a real turning point, as for too long legislation has lagged well behind technological evolution, disadvantaging Australian companies and providing foreign Digital Platforms with a free ride."

"We are disappointed that the Government is not pursuing a mandatory take down scheme for copyright infringing material as recommended by the ACCC. But it is pleasing that the Government has committed to reviewing copyright enforcement mechanisms during 2020."

"We look forward to working with the Government as this process moves forward, to ensure a regulatory environment that is appropriate in the digital age, to better protects consumers and provide a more level playing field for Australian businesses."

End.

For more details:

Jack McLintock

Corporate and Government Affairs

T: 0450 608 022

  1. jmclintock@seven.com.au

About Seven West Media

Seven West Media (ASX: SWM) is one of Australia's most prominent media companies, with a market leading presence in content production across broadcast television, publishing and digital.

The company comprises of some of Australia's most renowned media businesses, including the Seven Network and its affiliate channels 7TWO, 7mate, 7flix, 7food network and BVOD offering 7plus, as well as, The West Australian and The Sunday Times and production powerhouse Seven Studios. Home to iconic brands such as My Kitchen Rules, House Rules, Home and Away, Better Homes and Gardens, Australia's leading news and breakfast programs 7NEWS and Sunrise, Seven West Media is also the broadcast partner of the AFL, Cricket Australia and the Olympics.

2

Disclaimer

Seven West Media Limited published this content on 12 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 December 2019 01:05:07 UTC

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Financials (AUD)
Sales 2020 1 500 M
EBIT 2020 169 M
Net income 2020 21,4 M
Debt 2020 536 M
Yield 2020 -
P/E ratio 2020 15,2x
P/E ratio 2021 3,72x
EV / Sales2020 0,57x
EV / Sales2021 0,50x
Capitalization 315 M
Chart SEVEN WEST MEDIA LIMITED
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Technical analysis trends SEVEN WEST MEDIA LIMITED
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 0,37  AUD
Last Close Price 0,21  AUD
Spread / Highest target 217%
Spread / Average Target 81,0%
Spread / Lowest Target 2,44%
EPS Revisions
Managers
NameTitle
James R. Warburton Chief Executive Officer & Managing Director
Kerry Matthew Stokes Chairman
Jeffrey Peter Howard Chief Financial Officer
Ryan Kerry Stokes Non-Independent Non-Executive Director
David Evans Independent Non-Executive Director
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