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Seven West Media Limited (ASX:SWM)

ALERT: Price-sensitive ASX Announcement for SWM
Current share price for SWM : $0.125 -0.01 (-7.41%)+
Announcement
Release
13 Nov 2025 9:34AM
Price at Release
$0.135
Full Release
download
Summary
The ACCC has decided not to oppose the acquisition of Seven West Media Limited by Southern Cross Media Limited, as the two companies are not seen as direct competitors in the advertising and media content markets. This decision reflects broader industry trends like the rise of digital media and streaming services, which continue to challenge traditional media platforms. The acquisition, which will result in Southern Cross shareholders owning a majority stake, is also subject to approval from the Australian Communications and Media Authority.
Key Points
  • The ACCC will not oppose the proposed acquisition of Seven West Media Limited by Southern Cross Media Limited.
  • Seven West Media owns and operates free-to-air TV broadcaster the Seven Network and publishes various newspapers.
  • Southern Cross Media operates commercial radio stations and does not own any TV or newspaper assets.
  • The ACCC found Southern Cross and Seven are not close competitors in advertising or media content supply.
  • Broader industry trends like the rise of streaming services and online advertising impacted the ACCC's decision.
  • Southern Cross shareholders will own 50.1% of the merged entity, with Seven shareholders owning 49.9%.
  • The acquisition is subject to approval from the Australian Communications and Media Authority under the Broadcasting Services Act.
  • The ACCC's decision is based on section 50 of the Competition and Consumer Act, which focuses on the substantial lessening of competition.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.