Seven’s Kerry Stokes presses pause on media acquisitions
Seven West Media is not in negotiations with News Corp or Fairfax, and has found it difficult to “find alignments” with other organisations in a way that produces value, executive chairman Kerry Stokes has told shareholders today.
Asked a number of times about future mergers and acquisitions at the company’s Annual General Meeting, Stokes was firm about the possibilities of Seven West joining with News or Fairfax.
Stokes’ comments come the same day as the company announced its 2 year cost cutting program
Radio listeners down, TV viewers down, newspaper readership down. Tells you everything you need to know about why you wouldn’t spend 100s of millions on a dead technology.
That fact I, (actually not me, no where near enough talent) could create a Youtube channel and on a daily basis revival the ratings of Australia’s top rated shows, tells you just have far audiences have moved, especially in Australia.
Probably just reward for the decades of utter tripe that’s been offered up to consumers.
Dreamer, nothing but a dreamer.
YouTube could revive the TV ratings?!
According to the Q1 2017 Australian Video Viewing Report:
– Australians watch 79:30 per month of TV (live plus catch-up)
– Australians watch 13:04 per month of video on PCs and laptops
– Australians 18+ watch 2:46 per month of video on smartphones (self-reports)
– Australians 18+ watch 2:34 per month of video on tablets (self-reported)
YouTube would have the lions share of the online video, but it still has a long way to go to catch TV.
Sorry to party-poop your weekend with some well researched facts.
Come on already. Please just buy your affiliate Prime, so my shares rocket. That is all!
Your talking hours not people.
When the ratings come out what do we boast about? We boast about people, always about people.
In the long game I know where I’ll be putting my money.
Netflix? Amazon? Apple? Disney? Somewhere else?