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Bull, Bears & Brokers: Shaw and Partner’s Davide Bosio on significant moves for Seven West Media

Shaw and Partners WA state manager Davide Bosio updates Proactive on the latest big moves for Seven West Media Ltd (ASX:SWM) to restructure involving the reduction of debt and cutting costs.

This process includes a significant merger announcement between Seven West and Prime Media Group Limited (ASX:PRT).

In addition, Seven West is divesting its Western Australian radio assets (Redwave) to Southern Cross Media Group Ltd (ASX:SXL) for cash consideration of A$28 million.

The group has also entered into an agreement to sell the Pacific Magazines business to rival Bauer for $40 million.

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