Seven Media Group
Media and earthmoving machinery company, Seven Media Group (ASX: SVW) have released their full year financial results for FY 2012 to the ASX stockmarket.
- Seven Media Group net profit was $165.9 million, up from $70.4 million.
- SVW revenue is $4.46 billion, up 41 percent from $3.16 billion the previous year.
A $4.1 billion dollar merger was approved by shareholders by West Australian Newspapers (ASX:WAN) and Seven Media Group (ASX:SVW) and will now be called Seven West Media. The merger will combine the interests of Seven Media's television, print and Internet business with that of West Australian Newspapers' print business.
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