Seven Network Limited (
Seven), is Australia's largest media company. Head office is in
SydneySydney is the largest city in Australia, and the state capital of New South Wales. Sydney has a metropolitan area population of approximately 4.34 million and an area of approximately 12,000 square kilometres. Its inhabitants are called Sydneysiders, and Sydney is often called "the Harbour City"...
,
AustraliaAustralia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the continental mainland , the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans...
.
In December 2006, company shareholders voted to spin-off the company's 'old media' assets into a 50/50 joint venture with private equity firm Kohlberg Kravis Roberts, creating the
Seven Media GroupThe Seven Media Group is a joint venture between the Seven Network Limited and Kohlberg Kravis Roberts & Co.. It began operations in December 2006 after shareholders of Seven Network Limited approved the transaction.-Assets:*Seven Network*Pacific Magazines...
.
Seven are a diversified media company with significant interests in free-to-air and subscription television, publishing and digital media.
- Seven Media Group
The Seven Media Group is a joint venture between the Seven Network Limited and Kohlberg Kravis Roberts & Co.. It began operations in December 2006 after shareholders of Seven Network Limited approved the transaction.-Assets:*Seven Network*Pacific Magazines...
, 50%, holdings include...
- Seven Network
The Seven Network is an Australian television network owned by the Seven Media Group. It dates back to 2 December 1970, when the first stations on the VHF7 frequency were established in Sydney and Melbourne. It is currently the second largest network in the country in terms of population reach...
, 100%, Australia's largest free-to-air television network.
- Pacific Magazines
Pacific Magazines is a magazine publisher operating in Australia and New Zealand. The company is owned by Australia's Seven Media Group.-Publications:* Better Homes and Gardens, a monthly home/lifestyle magazine....
, 100%, Australia's second largest magazine publisher.
- Yahoo! 7, 50%, a joint-venture internet portal with Yahoo!, Inc.
- Sky News Australia
Sky News Australia is an Australian 24 hour cable and satellite news channel available on Foxtel, Austar, Optus Television and Neighbourhood Cable subscription platforms...
, 33%, a joint-venture subscription television news service with British Sky BroadcastingBritish Sky Broadcasting is a company that operates Sky Digital, a subscription television service in the UK and Ireland. It produces TV content, and owns several TV channels. It is the UK's largest pay TV provider...
and PBL MediaPBL Media is a media company owned by CVC Asia Pacific.Originally ownership was a joint venture with Consolidated Media Holdings and was 50/50, however in June 2007, PBL announced that it would sell a further 25% to CVC for $AUD 515 million...
.
- Consolidated Media Holdings
Consolidated Media Holdings is an Australia investment company focused on subscription television.-About CMH:Consolidated Media Holdings is a joint venture partnership between Consolidated Press Holdings and the Seven Network Limited....
, 20%, holdings include...
- Foxtel
Foxtel is an Australian pay television company, formed through a joint venture between Telstra, News Corporation and Consolidated Media Holdings.-History:...
, 25%, Australia's largest subscription television company.
- Premier Media Group
Premier Media Group is a 50/50 joint venture of News Corporation and Consolidated Media Holdings and is Australia’s leading sports producer and broadcaster...
, 50%, which owns and operates Fox Sports Australia, Fuel TV Australia, How To Channel Australia.
- Fairfax Media
Fairfax Media Limited, is one of Australia's largest diversified media companies. The group's operations include newspapers, magazines, radios and digital media operating in Australia and New Zealand. Fairfax Media was founded by the Fairfax family as John Fairfax Holdings but they lost control of...
, 3%-5%, one of Australia's largest diversified media companies.
- West Australian Newspapers Holdings Limited, 22.3%, Western Australia's largest newspaper publisher.
- Prime Media Group, 14.9%, Australia's second largest free-to-air regional television network.
- m.Net Corporation Limited
m.Net Corporation is an Australian telecommunications company specialising in the fields of mobile services and mobile marketing.m.Net was founded in June 2001 and received funding from the Australian Federal Government to encourage research, development and innovation in the telecommunications...
, 33%, a joint-venture mobile services company with TelstraTelstra or Telstra Corporation Ltd , is an Australian telecommunications and media company, formerly owned by the Australian government...
and Alcatel.
- Engin
engin Limited is an Australian VoIP phone provider with over 58,000 customers Australia-wide . In the 2007/2008 financial year, engin profit totalled $AU3.5 million.-History:...
, 58%, an Australian VoIP provider.
- Unwired
Unwired is an Australian public company dedicated to building a nationwide, fixed wireless telecommunications network offering carrier grade Internet services. They currently provide coverage in Sydney and Melbourne. Unwired has 53,405 customers and 112 employees as of 25 August 2006...
, 100%, an Australian wireless network provider.
- Perth Entertainment Centre
The Perth Entertainment Centre is a disused indoor arena and cinema complex located in Wellington Street in the city centre of Perth, Western Australia.-History:...
, 100%, an abandoned indoor arena and cinema complex located in Perth, Western AustraliaPerth is the capital and largest city of the Australian state of Western Australia. With a population of 1,650,000 , Perth ranks fourth amongst the nation's cities, with a growth rate consistently above the national average....
.
- It owned a large stake in the Docklands Stadium in Melbourne
Melbourne is the capital city and most populous city of the State of Victoria, and the second most populous city in Australia. The Melbourne city centre is the anchor of the larger geographical area and statistical division known as the Greater Melbourne metropolitan area – of which Melbourne is...
.
- It was a former stakeholder in the Optus TV
Optus Television is the cable television division of Australian telecommunications company Optus.-History:Its immediate predecessor was Optus Vision, a joint venture between, Optus and US West with small shareholdings by media companies Publishing and Broadcasting Limited and Seven Network...
consortium.
- It owned a part of Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer Inc., or MGM, is an American media company, involved primarily in the production and distribution of films and television programs. MGM was founded in 1924 when the entertainment entrepreneur Marcus Loew gained control of Metro Pictures, Goldwyn Pictures Corporation and Louis B...
- Once during the Christopher Skase ownership through Qintex in 1989 and again with Kerry Stokes in 1997.
- It was a former partner in the AOL7 Internet joint venture with America Online and Telecom New Zealand
Telecom New Zealand is a Wellington, New Zealand-based telephone company and, through its subdivision Xtra, an internet service provider. It has been run as a publicly-traded private company since 1990. It is also New Zealand's second largest mobile operator...
subsidiary AAPTAAPT is Australia's third largest land line telecommunications company and is a wholly owned subsidiary of Telecom New Zealand. The company is a member of the Infrastructure Assurance Advisory Group for the Critical Infrastructure Protection branch of the Attorney-General's...
.
Discussion
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Seven Network Limited (
Seven), is Australia's largest media company. Head office is in
SydneySydney is the largest city in Australia, and the state capital of New South Wales. Sydney has a metropolitan area population of approximately 4.34 million and an area of approximately 12,000 square kilometres. Its inhabitants are called Sydneysiders, and Sydney is often called "the Harbour City"...
,
AustraliaAustralia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the continental mainland , the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans...
.
Private Equity Joint-Venture
In December 2006, company shareholders voted to spin-off the company's 'old media' assets into a 50/50 joint venture with private equity firm Kohlberg Kravis Roberts, creating the
Seven Media GroupThe Seven Media Group is a joint venture between the Seven Network Limited and Kohlberg Kravis Roberts & Co.. It began operations in December 2006 after shareholders of Seven Network Limited approved the transaction.-Assets:*Seven Network*Pacific Magazines...
.
Assets
Seven are a diversified media company with significant interests in free-to-air and subscription television, publishing and digital media.
Current
- Seven Media Group
The Seven Media Group is a joint venture between the Seven Network Limited and Kohlberg Kravis Roberts & Co.. It began operations in December 2006 after shareholders of Seven Network Limited approved the transaction.-Assets:*Seven Network*Pacific Magazines...
, 50%, holdings include...
- Seven Network
The Seven Network is an Australian television network owned by the Seven Media Group. It dates back to 2 December 1970, when the first stations on the VHF7 frequency were established in Sydney and Melbourne. It is currently the second largest network in the country in terms of population reach...
, 100%, Australia's largest free-to-air television network.
- Pacific Magazines
Pacific Magazines is a magazine publisher operating in Australia and New Zealand. The company is owned by Australia's Seven Media Group.-Publications:* Better Homes and Gardens, a monthly home/lifestyle magazine....
, 100%, Australia's second largest magazine publisher.
- Yahoo! 7, 50%, a joint-venture internet portal with Yahoo!, Inc.
- Sky News Australia
Sky News Australia is an Australian 24 hour cable and satellite news channel available on Foxtel, Austar, Optus Television and Neighbourhood Cable subscription platforms...
, 33%, a joint-venture subscription television news service with British Sky BroadcastingBritish Sky Broadcasting is a company that operates Sky Digital, a subscription television service in the UK and Ireland. It produces TV content, and owns several TV channels. It is the UK's largest pay TV provider...
and PBL MediaPBL Media is a media company owned by CVC Asia Pacific.Originally ownership was a joint venture with Consolidated Media Holdings and was 50/50, however in June 2007, PBL announced that it would sell a further 25% to CVC for $AUD 515 million...
.
- Consolidated Media Holdings
Consolidated Media Holdings is an Australia investment company focused on subscription television.-About CMH:Consolidated Media Holdings is a joint venture partnership between Consolidated Press Holdings and the Seven Network Limited....
, 20%, holdings include...
- Foxtel
Foxtel is an Australian pay television company, formed through a joint venture between Telstra, News Corporation and Consolidated Media Holdings.-History:...
, 25%, Australia's largest subscription television company.
- Premier Media Group
Premier Media Group is a 50/50 joint venture of News Corporation and Consolidated Media Holdings and is Australia’s leading sports producer and broadcaster...
, 50%, which owns and operates Fox Sports Australia, Fuel TV Australia, How To Channel Australia.
- Fairfax Media
Fairfax Media Limited, is one of Australia's largest diversified media companies. The group's operations include newspapers, magazines, radios and digital media operating in Australia and New Zealand. Fairfax Media was founded by the Fairfax family as John Fairfax Holdings but they lost control of...
, 3%-5%, one of Australia's largest diversified media companies.
- West Australian Newspapers Holdings Limited, 22.3%, Western Australia's largest newspaper publisher.
- Prime Media Group, 14.9%, Australia's second largest free-to-air regional television network.
- m.Net Corporation Limited
m.Net Corporation is an Australian telecommunications company specialising in the fields of mobile services and mobile marketing.m.Net was founded in June 2001 and received funding from the Australian Federal Government to encourage research, development and innovation in the telecommunications...
, 33%, a joint-venture mobile services company with TelstraTelstra or Telstra Corporation Ltd , is an Australian telecommunications and media company, formerly owned by the Australian government...
and Alcatel.
- Engin
engin Limited is an Australian VoIP phone provider with over 58,000 customers Australia-wide . In the 2007/2008 financial year, engin profit totalled $AU3.5 million.-History:...
, 58%, an Australian VoIP provider.
- Unwired
Unwired is an Australian public company dedicated to building a nationwide, fixed wireless telecommunications network offering carrier grade Internet services. They currently provide coverage in Sydney and Melbourne. Unwired has 53,405 customers and 112 employees as of 25 August 2006...
, 100%, an Australian wireless network provider.
- Perth Entertainment Centre
The Perth Entertainment Centre is a disused indoor arena and cinema complex located in Wellington Street in the city centre of Perth, Western Australia.-History:...
, 100%, an abandoned indoor arena and cinema complex located in Perth, Western AustraliaPerth is the capital and largest city of the Australian state of Western Australia. With a population of 1,650,000 , Perth ranks fourth amongst the nation's cities, with a growth rate consistently above the national average....
.
Past
- It owned a large stake in the Docklands Stadium in Melbourne
Melbourne is the capital city and most populous city of the State of Victoria, and the second most populous city in Australia. The Melbourne city centre is the anchor of the larger geographical area and statistical division known as the Greater Melbourne metropolitan area – of which Melbourne is...
.
- It was a former stakeholder in the Optus TV
Optus Television is the cable television division of Australian telecommunications company Optus.-History:Its immediate predecessor was Optus Vision, a joint venture between, Optus and US West with small shareholdings by media companies Publishing and Broadcasting Limited and Seven Network...
consortium.
- It owned a part of Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer Inc., or MGM, is an American media company, involved primarily in the production and distribution of films and television programs. MGM was founded in 1924 when the entertainment entrepreneur Marcus Loew gained control of Metro Pictures, Goldwyn Pictures Corporation and Louis B...
- Once during the Christopher Skase ownership through Qintex in 1989 and again with Kerry Stokes in 1997.
- It was a former partner in the AOL7 Internet joint venture with America Online and Telecom New Zealand
Telecom New Zealand is a Wellington, New Zealand-based telephone company and, through its subdivision Xtra, an internet service provider. It has been run as a publicly-traded private company since 1990. It is also New Zealand's second largest mobile operator...
subsidiary AAPTAAPT is Australia's third largest land line telecommunications company and is a wholly owned subsidiary of Telecom New Zealand. The company is a member of the Infrastructure Assurance Advisory Group for the Critical Infrastructure Protection branch of the Attorney-General's...
. This venture is now owned by Primus TelecomPrimus Telecom is a telecommunications provider, founded in 1994 by ex-MCI executives. The company is listed on the OTCBB with world headquarters in Fairfax County, Virginia and with subsidiaries in Australia and Canada and, to a lesser extent, Japan, Brazil, UK and others generating a majority of...
and has been renamed "Primus-AOL", but Seven continues to supply it with content.
- It owned Ticketmaster7, a ticketing company.
- It owned a majority stake in B Mobile, a mobile phone
A mobile phone or mobile is a long-range, electronic device used for mobile telecommunications...
retailer but has now sold out.
- It owned the (now defunct) i7
I7 or i7 may refer to:*Paramount Airways, IATA code*Seven Network, an Australian television network*Intel Core i7, Intel's processor range based on the Nehalem micro architecture...
portal.
- It was a partner in Sports Vision, a company that ran the now defunct Sports Australia channels.
- It owned Australia Television (now Australia Network
Australia Network, originally Australia Television and later ABC Asia Pacific, is a free-to-air international satellite television service operated by the Australian Broadcasting Corporation...
), an FTA satellite service broadcasting to Asia and the Pacific.
- It and Granada Television
Granada Television is the United Kingdom ITV contractor for North West England and the Isle of Man.It is the only one of the original four ITA franchisees from 1954 that survived as a franchise holder into the twenty-first century. Broadcasting began on 3 May 1956, with the company originally...
each owned half of the Red HeartRed Heart was a joint venture between the Seven Network and Granada PLC between c. 1999 and 2001. It brought together all of its Australian parents' TV production resources, except those used for Seven's news and soaps....
production company. The two companies retain close ties.
- It owned C7 Sport
C7 Sport was a pay-TV service in Australia, owned and run by Kerry Stokes' Seven Network. The service was carried on the Austar and Optus Vision pay-TV networks between 1995 and 2002, when it was removed in controversial circumstances...
, which had a number of subscription sport channels. The service was originally available on Optus TelevisionOptus Television is the cable television division of Australian telecommunications company Optus.-History:Its immediate predecessor was Optus Vision, a joint venture between, Optus and US West with small shareholdings by media companies Publishing and Broadcasting Limited and Seven Network...
and AustarAustar is an Australian telecommunications company. Its main business activity is Subscription Television but it is also involved with internet access and mobile phones. It commenced operations in 1995....
plus FoxtelFoxtel is an Australian pay television company, formed through a joint venture between Telstra, News Corporation and Consolidated Media Holdings.-History:...
during the Olympic GamesThe Olympic Games are a major international event of summer and winter sports, in which thousands of athletes compete in a wide variety of events. The Games are currently held every two years, with Summer and Winter Olympic Games alternating. Originally, the ancient Olympic Games were held in...
in SydneySydney is the largest city in Australia, and the state capital of New South Wales. Sydney has a metropolitan area population of approximately 4.34 million and an area of approximately 12,000 square kilometres. Its inhabitants are called Sydneysiders, and Sydney is often called "the Harbour City"...
External links