News Corp Australia executive chairman Michael Miller has said the publishing giant is not interested in purchasing Seven West Media, despite ongoing rumours a buy-out is on the table.
Miller told the SMH the Rupert Murdoch-owned business was not interesting in buying Seven, but instead is focused on helping its newspaper titles and Foxtel survive the coronavirus pandemic.
When asked by the SMH if News Corp had any intent on buying seven, Miller said “no”.
There have long been murmurings that News Corp and Seven could enter into some form of agreement, however, that rumour potentially came following Nine’s acquisition of Fairfax.
The network is currently sitting with $859 million in debt, with its lowest share price ever. The company now only has a market value of $115 million to support its near $1 billion debt.
Some industry insiders suggest it is possible that SWM will receive a takeover bid, but it is unlikely in this current climate.
The company was in talks to sell its production unit to ITV, with some suggesting ITV could end up buying the whole company. Another possibility would be Comcast/NBC, yet it all depends on the duration of the current pandemic and subsequent economic fallout.
News Corp, in the meantime, is an unlikely suitor after just last week suspending around 60 of its community newspaper titles to soften the economic blow of COVID-19.
Swinburne University of Technology has launched a series of Bootcamp Graduate Certificate courses, developed in partnership with FourthRev. The courses, an Australian-first, will upskill career changers and provide students the capabilities required to thrive in the digital economy. They are available on-campus and through its online arm, Swinburne Online. Alongside completing projects which will emulate […]
PayPal has partnered with Welcome to Country, Australia’s first Indigenous-led not-for-profit marketplace, which showcases businesses that support Aboriginal and Torres Strait Islander communities. Welcome to Country launched in 2019, providing an online platform for Indigenous experience providers across tours, day treks, scenic flights, bush food, festivals, art and cultural experiences. When the pandemic hit, the […]
Former liberal politician and female icon Julie Bishop has further cemented her celebrity status by scoring her very own Barbie doll. According to The Sydney Morning Herald, Barbie creators Mattel, created the Barbie doll in Bishop’s likeness to honour her achievements. Unfortunately, the Julie Bishop Barbie won’t be for sale. Instead, the one-off doll was […]
Full-service digital marketing agency Whitehat Agency has launched its new website and branding, with the end-to-end project delivered by its own team of experienced in-house website designers, developers and UX specialists. After a challenging 2020, Whitehat Agency has experienced a very positive 2021 to date, onboarding nine new clients including The Dog Mum, Handpicked Wines, Compost […]
Award-winning house and land provider, Thrive Homes has launched a new brand campaign to encourage homebuyers worried about the complicated process of building a new home to say 'no' to stress and 'yes' to an efficient, more affordable new home without compromising quality by making 'The Clever Choice' and choosing Thrive.
Fast-growing fintech startup DiviPay has announced the appointment of one of Australia’s most influential and reputable public figures in the accounting world, Trent McLaren, as its head of accounting. The move will enable Divipay to expand its reach into the accounting industry, with the aim of growing its business customer base. DiviPay, Australia’s first virtual […]
Independent agency Adhesive has been appointed the public relations agency of record in Australia for the Domain Group, a leading property technology and services marketplace. The appointment will see Adhesive support PR & communications and campaign media activity for Domain, across consumer, corporate and B2B market remits. Adhesive will work closely with Domain’s in-house communications, […]
Sean Szeps is a gay father and a proud member of the LGBTQIA+ community who believes he does not know enough about those within his community that have different gender and sexual identities to his own. Feeling compelled to explore the unique experiences of every member of the community, Szeps’ new podcast, Come Out Wherever […]