Potential Implications for Seven and Nine if Ten Catches the Eye of CBS
In the ongoing soap opera that is the sale of Ten Network, we do not underestimate the determination of Bruce Gordon and Lachlan Murdoch to gain control of the third-ranked free-to-air TV broadcaster. However, the odds of CBS Corporation taking ownership of Ten appear to be shortening by the day.In our view, potential implications of a CBS-controlled Ten are likely to be negative for no-moat-rated Nine Entertainment and Seven West Media.
CBS, often referred to as the Eye Network in the U.S., ha...
Seven West Media has four reportable segments: Television, which is engaged in the production and operation of commercial television programming and stations; Newspapers, which is comprised of the publishers of newspapers and insert magazines in Western Australia, Quokka (weekly classified advertising publication), Colourpress, Digital publishing and West Australian Publishers; Pacific -which is comprised of the publishers of magazines in print and digital editions as well as social and e-commerce business; as well as Other Business and New Ventures, which is made up of equity accounted investees; Radio (radio stations broadcasting in regional areas of Western Australia) and RED Live..
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