tiprankstipranks
Trending News
More News >

Seven West Media Expands Reach with Strategic Acquisition of Southern Cross Media Assets

Story Highlights
Seven West Media Expands Reach with Strategic Acquisition of Southern Cross Media Assets

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App