Stokes sees value in media mergers

Original article by Angela Macdonald-Smith, Max Mason
The Australian Financial Review – Page: 27 : 4-May-18

Seven Group Holdings CEO Ryan Stokes says a merger between a newspaper publisher and a TV network could have synergies, although he argues that such deals should only proceed if they will deliver value for shareholders. Stokes notes that the cross-media model has worked well for Seven West Media, which owns newspaper assets in Western Australia. Stokes has also indicated that Seven Group is likely to eventually offload its investment portfolio and reinvest the proceeds in "active" assets.

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, SEVEN WEST MEDIA LIMITED – ASX SWM, BEACH ENERGY LIMITED – ASX BPT, SGH ENERGY, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, WESTRAC HOLDINGS PTY LTD, COATES HIRE LIMITED, LATTICE ENERGY LIMITED, ROYAL DUTCH SHELL PLC

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