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Kerry Stokes to Depart Seven After Merger with Triple M Owner
The merger aims to create a national media conglomerate with $25 million to $30 million in savings and stronger exposure to the key 25 to 54 age demographic, officials said.
- Seven West Media announced on Tuesday morning it will merge with Southern Cross Media, creating a new national media group valued at $417 million.
- The merger follows extensive evaluation and aims to combine television, radio, digital, and publishing operations to strengthen media presence across Australia.
- The combined company will operate 99 FM, AM, and digital radio stations and bring together brands including Triple M, Hit, and the Seven Network.
- Kerry Stokes said the merger delivers significant financial and strategic benefits, adding strength across multiple media platforms and better serving metropolitan and regional audiences.
- If approved, the deal will generate annual pre-tax cost synergies estimated between $25 million and $30 million, with Stokes chairing until February 2026 before Heith Mackay-Cruise succeeds him.
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Southern Cross and Seven West to Merge in $2 Billion Deal
Major media groups Southern Cross Media Group (SCA) and Seven West Media (SWM) will merge to form a new entity spanning television, audio, digital, and publishing. Executives say the combined group will dominate the key 25–54 demographic across both metropolitan and regional markets. They argue it will provide a one-stop shop for advertisers and a stronger platform for audiences. “This merger will create a leading integrated Total TV, Audio and …
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Coverage Details
Total News Sources25
Leaning Left6Leaning Right5Center0Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
R 45%
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