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.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Bulls, Bears & Brokers: Alto Capital’s Tony Locantro on Nyrada IPO and small...

Alto Capital investment manager and stock market commentator Tony Locantro updates Proactive on this week's listing of Nyrada Inc (ASX:NYR), a spin-off of Noxopharm Ltd’s (ASX:NOX). He discusses the reasons for the spin-off, including some of the recent and expected trading patterns. Locantro...

2 days, 15 hours ago

2 min read