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Seven West Media Ltd (SWM.AX)

SWM.AX on Australia Stock Exchange

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25 Sep 2020
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Latest Key Developments (Source: Significant Developments)

Seven West Media Ltd says FY Revenue And Other Income $1.23 Billion Versus $1.43 Billion
Tuesday, 25 Aug 2020 

Aug 25 (Reuters) - Seven West Media Ltd ::SEVEN WEST MEDIA LTD - FY REVENUE AND OTHER INCOME $1.23 BILLION VERSUS $1.43 BILLION.SEVEN WEST MEDIA - FY NET LOSS ATTRIBUTABLE $162.1 MILLION VERSUS LOSS OF $324.3 MILLION.  Full Article

Seven West Media Amends $750 Mln Banking Facilities
Thursday, 30 Jul 2020 

July 30 (Reuters) - Seven West Media Ltd ::AMENDED ITS $750 MILLION BANKING FACILITIES WITH COMPANY'S EXISTING LENDER GROUP.EXTENDED MATURITY ON $450 MILLION IN LIMITS FROM 2H21 TO 2H22.SUBSTITUTION OF EXISTING COVENANTS UNTIL DECEMBER 2021 IN BANKING FACILITIES.IMPLEMENTATION OF $170 MILLION IN PERMANENT COST REDUCTION INITIATIVES ACROSS SWM.SEES MAJORITY BENEFITS FROM COST REDUCTION IN FY20 AND FY21 ACROSS TV & NEWSPAPERS.SAW ADDITIONAL TEMPORARY SAVINGS OF $50 MILLION IN FY20 TO OFFSET IMPACT OF WEAK AD MARKETS.  Full Article

Seven West Media Announces A Revised Contract With AFL For Seasons 2020, 2021 & 2022
Thursday, 11 Jun 2020 

June 11 (Reuters) - Seven West Media Ltd ::ANNOUNCES A REVISED CONTRACT WITH AFL FOR SEASON 2020 AS WELL AS 2021 AND 2022.EXPECTS TO DERIVE $87M IN NET BENEFITS OVER EXISTING CONTRACT PERIOD (2020-2022).SEVEN WEST MEDIA ANNOUNCES FURTHER EXTENSION OF CONTRACT WITH AFL FOR 2 YEARS FOR SEASONS 2023 AND 2024.  Full Article

Seven West Media Completes Sale Of Pacific Magazines To Bauer
Friday, 1 May 2020 

May 1 (Reuters) - Seven West Media : :COMPLETES SALE OF PACIFIC MAGAZINES TO BAUER.  Full Article

Seven West Media Announces Withdrawal Of FY20 Guidance
Tuesday, 24 Mar 2020 

March 24 (Reuters) - Seven West Media Ltd ::WITHDRAWAL OF FY20 GUIDANCE.LOCAL PRODUCTIONS ARE FACING CHALLENGES WITH TRAVEL RESTRICTIONS AND COVID-19 ISSUES.WITHDRAWS FY20 EARNINGS GUIDANCE DUE TO FALL IN AD MARKET ACTIVITY, AND SUSPENSION/POSTPONEMENT OF PRODUCTIONS AND EVENTS.OLYMPIC POSTPONEMENTS LIKELY TO RESULT IN RIGHTS PAYMENTS BEING PUSHED BACK TO REFLECT REVISED SCHEDULING.  Full Article

Seven West Media Sees FY20 Underlying EBIT Between $165 Mln To $175 Mln
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Seven West Media Ltd ::SEES FY20 UNDERLYING EBIT BETWEEN $165 MILLION TO $175 MILLION.IN FY20, TO CONDUCT STRATEGIC REVIEWS OF UNDERVALUED/SURPLUS ASSETS.  Full Article

Seven West Media Says HY Revenue $771.7 Mln
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Seven West Media Ltd ::HY REVENUE FROM ORDINARY ACTIVITIES $771.7 MILLION VERSUS $797.4 MILLION.HY NET LOSS ATTRIBUTABLE $66.3 MILLION VERSUS PROFIT OF $83.8 MILLION.  Full Article

Seven West Media Says Co Acquires 14.9% Interest In Prime Media
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Seven West Media Ltd :SEVEN WEST MEDIA ACQUIRES 14.9% INTEREST IN PRIME MEDIA.SEVEN AND PRIME HAVE AGREED TO TERMINATE SCHEME IMPLEMENTATION DEED WITH EFFECT FROM CLOSE OF SHAREHOLDER MEETING.NOTES ANNOUNCEMENT OF PRIME THAT SCHEME WAS NOT APPROVED BY REQUISITE MAJORITIES AT SHAREHOLDER MEETING OF PRIME.AGREED TO ACQUIRE 54.6 MILLION SHARES IN PRIME FROM SPHERIA ASSET MANAGEMENT PTY LTD.WILL ACQUIRE PRIME SHARES FROM SPHERIA IN EXCHANGE FOR ISSUE OF 30 MILLION NEW SHARES IN SEVEN.NOTES ANNOUNCEMENT OF PRIME THAT SCHEME WAS NOT APPROVED BY REQUISITE MAJORITIES AT SHAREHOLDER MEETING OF PRIME.  Full Article

Prime Media Group Says Shareholders Voted Against Seven West Media Deal
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Prime Media Group Ltd ::53.53% SHAREHOLDERS VOTED AGAINST SCHEME RESOLUTION WITH SEVEN WEST MEDIA.  Full Article

Prime Media Group Appoints Peter Macourt As Interim Chairman
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Prime Media Group Ltd ::APPOINTED PETER MACOURT AS INTERIM CHAIRMAN UNTIL SUCH TIME THAT A PERMANENT SUCCESSOR IS FOUND.PRIME BOARD CONFIRMS THAT NO SUPERIOR PROPOSAL HAS BEEN RECEIVED BY PRIME SINCE ANNOUNCEMENT OF SCHEME.AS AT DEC 19 INDEPENDENT EXPER HAS NOT CHANGED CONCLUSION THAT SCHEME IS NOT FAIR BUT REASONABLE & IN BEST INTERESTS OF SHAREHOLDERS.BASED ON PROXY RESULTS RECEIVED TO DATE, PRIME BOARD EXPECTS THAT SCHEME WILL NOT PROCEED.  Full Article