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Seven West Media Limited ( (AU:SWM) ) has shared an announcement.
The Australian Competition and Consumer Commission (ACCC) has decided not to oppose the acquisition of Seven West Media by Southern Cross Media. The ACCC’s review found that the two companies are not close competitors in terms of advertising opportunities or media content supply, as Seven focuses on television and print media while Southern Cross specializes in radio and audio entertainment. The decision reflects broader industry trends, such as the rise of digital media, which continue to challenge traditional media platforms. The acquisition is not expected to significantly lessen competition in the market.
The most recent analyst rating on (AU:SWM) stock is a Sell with a A$0.15 price target. To see the full list of analyst forecasts on Seven West Media Limited stock, see the AU:SWM Stock Forecast page.
More about Seven West Media Limited
Seven West Media Limited operates in the media industry, owning and running the Seven Network, a free-to-air TV broadcaster, and publishing various newspapers in Western Australia. Southern Cross Media Limited is an Australian media and entertainment company that operates numerous radio stations under the Triple M and HIT brands, and produces podcasts and music stations.
Average Trading Volume: 1,286,423
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$207.8M
For detailed information about SWM stock, go to TipRanks’ Stock Analysis page.