Morningstar | Earnings growth likely in fiscal 2019 as ratings recover and costs are cut.
An investment in Seven West Media requires weighing the strong positioning of its Seven Network division in Australian free-to-air television against the structural challenges facing the industry from proliferating competition for viewers and advertising dollars. We anticipate competitive intensity continuing, preventing any sustained improvement in Seven Network's margins. The structural outlook for the print media assets is even more challenging, with newspaper and magazine earnings still in the midst of a downward spiral. The balance sheet is currently in a reasonable state but requires vigilant scrutiny, given the challenging earnings profile, and ongoing reconfiguration of the group cost structure is critical.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..
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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