Seven Network (SEV)

Shares / Stock Code

SEV

Stock Exchange / Sharemarket

ax

Seven Network Limited (SEV) is a commercial television broadcaster. SEV was listed on the Australian Stock Exchange on the 12th of August 1993. Its average annual revenue reaches approximately $2.6 billion out of its issued capital of approximately $223 million. Its headquarters is located in Pyrmont, Australia and to date; around 1072 people are employed in the company. Seven Network Limited operates mainly in four business segments: television, magazines, stadiums and investments.

The television segment of SEV is comprised of Channel 7's owned television stations located operating in the metropolitan markets of Melbourne, Sydney, Adelaide, Brisbane and Perth. These stations also operate in Queensland's regional markets. Included in the television stations that Seven Network Limited operates are Melbourne's and Sydney's production facilities, Seven Resources, programming, advertising, major films from Disney and 20th Century fox, infotainment, overseas drama, mini series, sport and a joint venture with Network Nine and Network 10.

Seven Network Limited is also engaged in magazine publishing which is also another business segment of the company. Included in the magazine portfolio of SEV are That's Life, New Idea, Men's Health, Marie Claire, Home Beautiful, Better Homes and Gardens, Family Circle, Your Garden, K Zone, Girlfriend, TV Hits, Total Girl, Famous, Monument, and Explode.

For the stadium business segment, SEV holds an equity interest in Colonial Stadium located in Melbourne's Dockland amounting to $10 million. It also holds naming and signage, joint venture with Ticketmaster, and Medallion Club platinum seats. The Red Tickets as well as the Perth Entertainment Centre located in Western Australia are also owned by Seven Network Limited.

Seven Network Limited also owns and manages an interactive television platform wherein users are allowed to choose additional options when they are watching digital television. 80% interest in Australia's major mobile service provider, B Digital, is also owned by the company.

Seven Network Company History

Seven Network was formed in 1991 and joined Australian stock Exchange in August 1993. C7 sports channel of the company was established in 1998 and ended in 2001 when Foxtel acquired the National Rugby League and the Australian Football League television rights which were formerly owned by C7. In 2002, Seven started lawsuits proceedings against Foxtel for its wrongdoing.

Shareholding of the company's PMP was traded in 2003. Murdoch Magazines was taken by Seven in 2004. The company purchased Pacific MM for $81.3 million in 2004, Kimlin Holdings for $1 million and Pacific magazines for $1 million in 2004. Yahoo! Inc. and Seven joined their online, IPTV and mobile businesses in New Zealand and Australia in 2005. Pacific Premium Publishing was traded to $1 million. The obligations and rights of all operating financiers were taken by the company in 1997. This agreement was from the Stadium property Trust (SPT). The company paid $115.3 million.

The company extended to take all the company's interests of Telstra Dome in June 2006. Yahoo! 7 and Telecom New Zealand created a media company which is Yahoo!Xtra in February 2007. The company founded in Auckland gives products and world class online content to New Zealanders. Director Gordon Cairns stepped down from being one of the boards of director of the company.

William Rayner retired in March 2007 as Director. SBS and Seven Network signed a contract to give the coverage of the Games of XXIX Olympiad to be done in Beijing China in 2008. Tivo and Seven Network signed a tactical partnership to provide services and products of Tivo in New Zealand and Australia in May 2007.

Coca Cola Australia and Seven Network introduced its plan to produce a programme for music television for Seven Network and content across the spreading delivery platform of Yahoo! 7. Bebo and Seven Network partner's Yahoo! 7 launched tactical agreement to offer display advertising blending the well-known products of Yahoo! 7 to provide rich media. Granada International and Seven Network signed a numerous – year contract in December 2007