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Seven West Media Limited ( (AU:SWM) ) has provided an announcement.
Seven West Media has announced a binding agreement to acquire television licenses and associated assets from Southern Cross Media Group in several regions, including Tasmania and Darwin. This strategic acquisition will complete SWM’s national broadcast network, enhance its digital and live television offerings, and is expected to be earnings accretive by FY26. The move will allow Seven to reach nearly 100% of Australia’s population, providing new opportunities for revenue and audience engagement across both broadcast and digital platforms.
More about Seven West Media Limited
Seven West Media (ASX: SWM) is a leading Australian media company, reaching over 19 million people monthly through its strong presence in broadcast television, publishing, and digital content production. The company owns several renowned media businesses, including the Seven Network and its affiliate channels, the digital platform 7plus, and various news and entertainment outlets. It is known for popular programming and is a broadcast partner for major sports events like the AFL and Cricket Australia.
YTD Price Performance: -11.25%
Technical Sentiment Signal: Buy
Current Market Cap: €122.9M
For detailed information about SWM stock, go to TipRanks’ Stock Analysis page.