Seven West Media
ASX:SWM
After waiting for years for the Albanese government to flesh out its plans to force tech giants to pay for news, the power players involved have just four weeks to fight their corner.
At the company’s AGM, investors had a message for the billionaire: patience is wearing thin for Seven’s plans on executive pay, and its falling market value.
Seven chief Jeff Howard has been thrust into the firing line of investors by the influential proxy advisory CGI Glass Lewis ahead of the company's AGM this week.
The activist hedge fund has told investors it will push ahead with its effort to spill the Southern Cross board and change its constitution at its annual general meeting next month.
Serious talks over a small but significant deal that will alter Australian media began a month ago, and only select group of people, including the billionaire, were in the loop.
The Seven West Media boss condemned AI firms for using content without pay, urging government action amid a wider industry backlash.
Major publishing deals struck with Google in 2021 are set to begin expiring from April next year. The Albanese government has told some executives it aims to finalise the policy by then.
Paramount's Network Ten and Seven West Media have been persistent patrons of the major parties, even as other media companies have pulled back, amid major changes to Australia's media regulations.
The alliance highlights Australian media companies’ urgency in seeking revenue from AI firms using their content to train large language models.
Clare Gill, who was among the architects of components of the media bargaining code, will start at the property settlement platform in February after four years at the media company.
Influential proxy adviser ISS took issue with undisclosed performance targets and noted the amount was “excessive” compared to peers ahead of Seven's AGM this week.
A recent spate of suppression orders pursued in high-profile cases has reignited debate over the tensions they create in the court system.
In a new twist to Seven's Fair Work dispute brought by ex-employee Amelia Saw, Thomson Geer lawyers have weighed in on behalf of three media companies fighting suppression orders.
Revelations of Albanese’s decision, first reported by Capital Brief, have split media executives and sparked criticism from the Coalition.
News publishers and the gambling industry are holding their breath ahead of two major government decisions on media policy.
Amazon Prime Video and Optus Sport are among the services expected to face similar, if not tougher gambling ad restrictions than TV broadcasters as the government moves to quell a backlash.
The deals publishers struck with Meta in 2021 are a focus of the government's social media inquiry after the tech giant announced it would not willingly renew them.