Description
Seven West Media Limited is an Australian ASX-listed media company and is Australia's largest diversified media business, with an extensive presence in broadcast television, radio, print and online publishing.
Seven Group Holdings Ltd (SGH), a company controlled by Australian Capital Equity, is Seven West Media's largest shareholder, with over $1 billion in Seven West Media shares and $250 million of Seven West Media convertible preference shares (CPS).
Seven West Media owns the Seven Network, Australia's second largest commercial television network (by audience and advertising market share). It also owns The West Australian, The Sunday Times and the Community Newspaper Group.
On 21 February 2011, Seven Media Group announced its intention to merge with West Australian Newspapers Holdings Limited (WAN). WAN purchased Seven Media Group from Seven Group Holdings and partner U.S. private equity firm Kohlberg Kravis Roberts, and announced the new company would be known as "Seven West Media". On 11 April 2011, the acquisition was approved by WAN shareholders. On 21 May 2013, Kohlberg Kravis Roberts sold its remaining 12% stake in Seven West Media.
In May 2020, Seven West Media sold Pacific Magazines to Bauer Media Group, including leading lifestyle brands Marie Claire, Women's Health, Who, New Idea and Home Beautiful.
In February 2021, both Google and Facebook in Australia made deals with Seven West Media for the latter to provide news coverage. These agreements came after the government planned to implement a law "that would force tech companies to pay news outlets for content" to ensure that digital platforms would provide a "contribution to the sustainability of the Australian news industry".
