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Seven West Media

Seven fires up in first half

By SEVEN

#1 network for past nine consecutive weeks
#1 network for 14 of past 26 weeks
#1 news program: 7NEWS
#1 breakfast TV program: Sunrise
#1 winter sport: AFL
#1 Australian drama: Home and Away
#1 nightly game show: The Chase Australia
#1 multichannel group: 7two, 7mate, 7flix

The Seven Network has finished the first half of the year with strong momentum ahead of the highly anticipated Olympic Games Tokyo 2020. Seven ranked #1 in 14 of the past 26 weeks and is the only commercial free-to-air television network to increase its audience share during the first half of the calendar ratings year.

Seven’s tally of #1 weeks includes wins across the past nine consecutive weeks. From late April to yesterday, Seven was the #1 network in total people, people 25 to 54 and 16 to 39s.

Seven’s success on television has been matched by the strong performance of 7plus, which increased its audience 18% in the past three months.  

Our strategy of investing in new and proven content across television and digital is delivering powerful results.

Seven is the only network that has grown its audience share this year in 25 to 54s, 16 to 39s and total people. Since late April, we have been #1 every week in those three demographics and in under 50s.

The tentpole shows Big Brother and Dancing With The Stars: All Stars delivered great results, as did 7NEWS Spotlight and our dominant content ‘spine’ of 7NEWS, Sunrise, The Morning Show, The Chase, Home and Away and Better Homes and Gardens. The AFL is Australia’s #1 winter sport by a significant margin and Supercars have roared back onto Seven in a big way,” he said.

At the same time, 7plus is having a remarkable year. It continues to drive the digital transformation of our business and is drawing new users, day in, day out.

James Warburton, Seven West Media Managing Director and Chief Executive Officer

After a successful first half, we are ready to deliver our strongest second-half content line-up in many years, with the best sport on TV, the best news and public affairs content, and an impressive collection of proven entertainment hits.

The Olympic Games Tokyo 2020 and Paralympic Games Tokyo 2020 will be the biggest media event in a long time. Before they start, we have the new season of our #1 entertainment show last year, Farmer Wants A Wife. After the Olympics, we head straight into the brilliant new season of The Voice, an incredible new series of SAS Australia that takes the format to a whole new and shocking level, and Big Brother VIP with the noisiest celebrity cast ever seen on Australian television.

We also have the AFL Final Series, Bathurst 1000, the best horse racing in Australia, and a lot more. It’s an incredible line-up, one that is on track to return Seven to market leadership in 2021. Summer brings the highly anticipated Ashes Test series, and the BBL and WBBL, and then the Olympic Winter Games Beijing to launch 2022.

Angus Ross, Seven’s Director of Network Programming

We delivered excellent results for our partners in the first half of 2021 and the second half is going to be even better.

Our line-up of tentpole shows is best in market. 7NEWS, Sunrise, The Morning Show and The Chase dominate their timeslots. Home and Away is having a fantastic year. The AFL Final Series, horse racing and Supercars will be big winners with viewers and advertisers.

The Olympic Games Tokyo 2020 will be the country’s biggest-ever broadcast and digital event. For the first time in Australian free-to-air television history, there will be 45 dedicated Olympic Games channels across Seven and 7plus, all live, free and in HD. Let the games begin.

Kurt Burnette, Seven West Media Chief Revenue Officer

First half 2021 highlights

Commercial audience shares (%)

NetworkFirst half 2021First half 2020Change*
Total peopleSeven37.135.6+1.5
 Nine38.038.8-0.8
 1024.925.6-0.7
25 to 54sSeven33.232.1+1.1
 Nine37.238.2-1.0
 1029.629.7-0.2

Commercial audience shares (%)
25 April to 26 June

Network20212020Change*
Total peopleSeven39.137.0+2.1
 Nine36.236.20.0
 1024.726.9-2.1
25 to 54sSeven36.133.6+2.5
 Nine35.034.9+0.2
 1028.931.5-2.6
* Change in percentage points

NEWS AND PUBLIC AFFAIRS

7NEWS Sunday

  • 1.5 million viewers nationally, 992,000 in the capital cities
  • #1 Sunday news program
  • Won every week in first half of 2021
  • 21% more viewers than Nine News nationally, 7% more in the capital cities

7NEWS Monday to Friday

  • 1.42 million viewers nationally, 939,000 in the capital cities
  • #1 weeknight news program
  • Won every week in first half of 2021
  • 27% more viewers than Nine News nationally, 5% more in the capital cities

7NEWS Saturday

  • 1.21 million viewers nationally, 787,000 in the capital cities
  • #1 Saturday news program
  • Won every week in first half of 2021
  • 20% more viewers than Nine News nationally, 5% more in the capital cities

7NEWS.com.au

  • #1 news website in 18 to 29s
  • #4 news website in total people

Sunrise

  • 439,000 viewers nationally, 254,000 in the capital cities
  • #1 breakfast TV program
  • Won every day in first half of 2021 (has won every day for more than three years)
  • 45% more viewers than Today nationally, 25% more in the capital cities

The Morning Show

  • 228,000 viewers nationally, 136,000 in the capital cities
  • #1 morning TV program
  • Won every day in first half of 2021
  • 46% more viewers than Today Extra nationally, 21% more in the capital cities

The Latest

  • 180,000 viewers nationally, 121,000 in the capital cities
  • #1 in timeslot in total people

7NEWS SPECIALS

7NEWS Spotlight: The Phenomenon

  • 1.18 million viewers nationally, 731,000 in the capital cities
  • #1 in its timeslot in total people and 25 to 54s
  • Increased timeslot audience 15% nationally year-on-year, 4% in the capital cities

7NEWS Spotlight: Craig McLachlan

  • Increased timeslot audience 7% in the capital cities year-on-year

7NEWS Spotlight: Martin Bryant’s Dark Secrets

  • 1.14 million viewers nationally, 737,000 in the capital cities
  • #1 in timeslot in total people

7NEWS Spotlight: Fight Of His Life

  • 916,000 viewers nationally, 719,000 in the capital cities

7NEWS Spotlight: Ride Of Your Life

  • 877,000 viewers nationally, 559,000 in the capital cities
  • #1 in its timeslot in total people

SPORT

AFL Premiership Season (to date)

  • 697,000 viewers nationally, 520,000 in the capital cities
  • #1 winter sport on TV
  • #1 in timeslot in footy markets in total people and 25 to 54s

Cricket

  • Test Cricket – Australia v India
    • First Test (Adelaide): Day/Night Test 685,000 viewers nationally, 460,000 in the capital cities  
    • Second Test (Melbourne): Boxing Day Test 843,000 viewers nationally, 562,000 in the capital cities
    • Third Test (Sydney): 785,000 viewers nationally, up 20% on 2018-19 Fourth Test; 537,000 in the capital cities
    • Fourth Test (Brisbane): averaged 727,000, up 11% on 2018-19 Fourth Test; 483,000 in the capital cities  
  • Big Bash League
    • Grand Final Day 867,000 viewers nationally, 562,000 in the capital cities
    • Series: 560,000 viewers nationally, 347,000 in the capital cities

Supercars

  • Seven’s two rounds averaged 332,000 nationally, 180,000 in the capital cities
  • Audience up 28% in total people on Network 10’s first rounds in 2020, up 19% in 25 to 54s
  • 7plus: 5.6 million live streaming minutes across two rounds’ race days

The Front Bar

  • 444,000 viewers nationally, 338,000 in the capital cities
  • #1 sport entertainment program in Melbourne

ENTERTAINMENT

Dancing With The Stars: All Stars

  • Finale Winner Announced: 1.33 million viewers nationally, 881,000 in the capital cities
  • Finale: 1.3 million viewers nationally, 852,000 in the capital cities
  • Launch: 1.2 million viewers nationally, 816,000 in the capital cities
  • Series: 1.06 million viewers nationally, 711,000 in the capital cities
  • Increased timeslot audience 18% in total people year-on-year in the capital cities
  • 35 million minutes streamed
  • Over 26.4 million total social media impressions
  • 4.1 million social engagements
  • 4.5 million social video views

Big Brother (series to date)

  • Launch: 1.03 million viewers nationally, 740,000 in the capital cities
  • Series: 927,000 viewers nationally, 644,000 in the capital cities
  • Increased timeslot audience 10% in 25 to 54s and 19% in 16 to 39s year-on-year in the capital cities
  • 392 million minutes streamed
  • Over 80 million total social media impressions
  • 6.1 million social engagements
  • 27.8 million social video views

Holey Moley

  • Launch: 1.67 million viewers nationally, 1.1 million in the capital cities
  • Series: 980,000 viewers nationally, 639,000 in the capital cities
  • Increased timeslot audience 21% in 25 to 54s, 30% in 16 to 39s and 8% in total people year-on-year in the capital cities
  • 62 million minutes streamed

Home and Away

  • 924,000 viewers nationally, 560,000 in the capital cities
  • #1 Australian drama
  • Most streamed drama series on BVOD. Up 40% year-on-year.
  • BVOD minutes streamed up 40%
  • 2 million total social followers
  • 76.7 million social impressions
  • 4.5 million total social engagements
  • 8.8 million social video views

The Chase Australia

  • 814,000 viewers nationally, 499,000 in the capital cities
  • Won every week in first half of 2021

Better Homes and Gardens:

  • 695,000 viewers nationally, 415,000 in the capital cities
  • #1 lifestyle show
  • 20 million streaming minutes

7PLUS

  • #2 commercial free-to-air BVOD platform
  • 36% share of commercial free-to-air BVOD market
  • Active users up 6% year-on-year
  • Audience up 18% in the past three months on the previous three months

7TWO, 7MATE, 7FLIX

  • #1 multichannel group
  • 7mate: #1 multichannel in target market of men 18 to 54s
  • 7mate: equal #1 multichannel in 25 to 54s
  • 7two: #1 multichannel in target market of women 18 and older

Source: OzTAM (Metro Broadcast and National BVOD), RegionalTAM (Comb. Agg Markets). Wks 1-26 2021. Primetime: 1800-2400. Metro unless stated otherwise. #1 Genres: Commercial FTA Networks, The Chase Australia #1 Game show for nightly (M-F) telecasts, excl one eps weekly programs. Timeslot growth for programs based on same day/timeslot previous year, metro, Cons7. The Chase Australia 5.30pm telecast (excl 5pm). Seven News Number 1 (1800-1900 M-F) Excluding Specials, Seven News Number 1 (1800-1900 Sunday) Excluding Specials, Seven News Number 1 (1800-1900 Sat) excluding specials, Sunrise Number 1 Breakfast Sunrise v Today (exactly match) (excl all other coding), The Morning Show Number 1 Morning Today Extra v The Morning Show (exact match) exclude all other coding). Data: Consolidated 7 (Live + As Live + TSV7) prior L7D, Overnight L7D. BVOD (Live + VOD, incl co-viewing).  Nielsen Digital Media Ratings, Monthly-Tagged, January – May 2021, P18-29, Digital C/M, Text, Current Event and Global News subcategory, UA. Nielsen Digital Media Ratings, Monthly-Tagged, May 2021, P2+ Digital C/M, Text, Current Event and Global News subcategory, UA   

Seven appoints new Head of Corporate Communications

By SEVEN, Seven West Media

Seven West Media (ASX: SWM) today announced the appointment of Robert Sharpe to the new role of Head of Corporate Communications, effective tomorrow.

Mr Sharpe reports to SWM Chief Marketing Officer, Charlotte Valente, and is responsible for the media group’s external and internal communications.

Mr Sharpe was previously Corporate Affairs Advisor at Optus, responsible for leading the development and execution of national communications campaigns for Optus Enterprise, Optus Business, Optus Sport, Wholesale and Satellite. He has also previously worked at Network 10, Spotcap Global and ITV.

I’m very pleased to welcome Robert to SWM. As a senior corporate communications expert with over 14 years’ expertise in strategic communications across a number of industries, including TV and digital media, telecommunications and fintech in Australia and the UK, he will be a great addition to our communication team.

Robert has strong business, technology and media contacts across Australia’s tier one and industry media and a passion for executing campaigns that deliver results.

Charlotte Valente, SWM Chief Marketing Officer

I’ve been an admirer of Seven’s TV, digital and print businesses for many years. The corporate and content strategies outlined in SWM’s three-year transformation plan are already delivering strong results and I’m really looking forward to being part of the company’s ongoing development and success.

Robert Sharpe

Seven West Media signs Google and Facebook agreements

By SEVEN, Seven West Media

Provides FY21 trading and debt update

Seven West Media (ASX: SWM) today confirmed it has finalised its partnership with Google and has also signed a long-form agreement with Facebook awaiting signature by the latter overnight. 

The agreements are consistent with the respective Letters of Intent announced in February. The agreement with Google is five years and the agreement with Facebook is three years. 

Completion of the two agreements confirms the strong recognition of the quality and credibility of our leading television and newspaper news brands and entertainment content. Together, they underpin our sustainability and enable us to continue to build our digital platform. 

These partnerships have been made possible by the introduction of the Media Bargaining Code. This has been an important reform led by Prime Minister Scott Morrison, the Chair of the Australian Competition and Consumer Commission, Rod Sims, Treasurer Josh Frydenberg and Communications Minister Paul Fletcher.

James Warburton, SWM Managing Director and Chief Executive Officer

SWM anticipates the digital revenue associated with the agreements will commence before the end of FY21, with the majority to be derived in FY22. Minimal incremental costs are required to deliver the revenue.

With regards to trading, Seven’s Q3 FY21 advertising revenue grew at the upper end of the 7-10% range provided at the first-half results briefing in February.

Net debt is forecast to be approximately $270 million to $280 million by the end of FY21. Net proceeds of $45 million from the Airtasker IPO in March were used to retire debt, bringing total debt retirement to $195 million in the second half to date.   

The transformation of SWM continues. Finalisation of the Google and Facebook agreements completes one of the key objectives outlined in our February results, delivering further digital transformation, and realising the true value of our news and current affairs product on third-party digital platforms. 

Our balance sheet is now in a much stronger position and our FY21 Q4 content is positioned to deliver audience and share growth, particularly among people 25 to 54 and on 7plus.

James Warburton, SWM Managing Director and Chief Executive Officer

This release has been authorised to be given to the ASX by the Managing Director and CEO of Seven West Media Limited.

Seven West Media and Facebook set up new partnership

By 7NEWS, SEVEN, Seven West Media

Seven West Media (ASX: SWM) today announced it has signed a Letter of Intent to provide news content to Facebook.

The LOI is subject to signing a long-form agreement between the two companies, expected to be executed over the following 60 days. Seven West Media will provide more details following the execution of the agreement.

The establishment of this new partnership with Facebook is a significant move for our business and reflects the value of our original news content across our successful metropolitan and regional broadcast, digital and print properties.

On 15 February we announced a LOU for a partnership with Google, to provide news content to the Google Showcase product.

Together, the two announcements are a strong recognition of the quality and credibility of our leading news brands and entertainment, and will enable us to continue to build our digital platform.

These partnerships would not have been possible without the leadership and vision of Prime Minister Scott Morrison, the Chair of the Australian Competition and Consumer Commission, Rod Sims, Treasurer Josh Frydenberg and Communications Minister Paul Fletcher, and we thank them.

Kerry Stokes AC, Seven West Media Chairman

Like our new, market-leading partnership with Google, our agreement with Facebook is an important part of the strategy to transform our company and build Australia’s leading news and entertainment content business.

Both agreements are a significant step forward for Australian news media and are a clear acknowledgement by all parties of the value and importance of original news content.

James Warburton, Seven West Media Managing Director and Chief Executive Officer

We are pleased to confirm our investment through a Letter of Intent with our partners from Seven West Media. This agreement brings the premium news content Seven produces from its newsrooms across Australia to Facebook. We have always been committed to supporting journalism and our agreement today continues our work with the news community in Australia.

Will Easton, Managing Director of Facebook Australia and New Zealand

This release has been authorised to be given to the ASX by the Managing Director and CEO of Seven West Media Limited.

Nicole Bence Appointed Chair of IAB Australia Board

By SEVEN, Seven West Media

Nicole Bence, Network Digital Sales Director at Seven West Media, has been appointed Chair of the IAB Australia Board, effective immediately.

Ms Bence succeeds Matt Rowley, CEO of Pedestrian Group, who has been Chair since January 2019. She has been a member of the IAB Australia Board since 2020.

As Chair, Ms Bence will work closely with IAB Australia CEO, Gai Le Roy, on initiatives and programs to address key industry matters.

It has been a delight working with Matt over the last two years driving some amazing initiatives including diversifying the board as well as significantly expanding the member base. Nicole is a passionate leader with such a strong knowledge of digital media and data, but she is also a true cross media leader. Nicole will lead the Board into what is an incredibly busy and important time for the digital advertising industry.

Gai Le Roy, IAB Australia CEO

It’s a great privilege to take on the Chair role at IAB Australia and I’m very excited to have the opportunity to build on Matt’s great work. IAB Australia’s key purpose to grow sustainable and diverse investment in digital advertising in Australia has never been more important. The digital advertising and technology ecosystem is changing rapidly and constantly, and I’m honoured to be able to play a part in its evolution and growth. One of my key priorities is to champion the power and efficacy of digital advertising. A trusted, robust and effective measurement metric, with standards that inspire confidence across the entire media and marketing sector, is critical for our industry.

Nicole Bence, Network Digital Sales Director at Seven West Media

Seven partners with UN Women Australia for International Women’s Day

By SEVEN, Seven West Media

Seven West Media is proud to announce it has joined with UN Women Australia as the Australian broadcast partner for International Women’s Day (IWD) 2021.

The new partnership reflects the joint commitment of UN Women and Seven West Media to focus on gender equality and celebrate the accomplishments of women.

IWD is a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating gender equality. Significant activity is witnessed worldwide as groups celebrate women’s achievements or rally for women’s equality, with the theme and focus for 2021 being “Women in Leadership: Achieving an equal future in a COVID-19 world”.

The partnership will see Seven West Media supporting key IWD events around Australia in the lead up to and on 5 March, three days before IWD.

We’re proud to enter into this partnership with UN Women Australia in support of International Women’s Day 2021.

For us, this is a natural partnership: our workforce has a 50-50 gender balance and over half of our managers are female. We’re honoured to join forces with UN Women Australia to celebrate International Women’s Day.

James Warburton, Seven West Media Managing Director and Chief Executive Officer

UN Women Australia looks forward to amplifying our work driving a gender equality acceleration agenda through this partnership.

It provides an important opportunity to reach more Australians this IWD and beyond, with a call to action around why equality matters, and the steps we can all take every day to enable every woman and girl equal opportunities to lead, learn, earn and live a life free from violence and discrimination.

Janelle Weissman, UN Women Australia Executive Director

As part of the partnership with UN Women Australia, Seven presenters will host IWD events around Australia. The five events will run simultaneously, reaching thousands of people across Australia.

We look forward to celebrating on Friday, 5 March as we reflect on this year’s theme of empowering women in leadership in a COVID-19 world, and supporting equality.

James Warburton, Seven West Media Managing Director and Chief Executive Officer

About UN Women

A global champion for women and girls, UN Women is the United Nations entity responsible for promoting women’s empowerment and gender equality and was established to accelerate progress to meet the needs of women and girls worldwide. UN Women Australia is a registered charity in Australia which exists to raise funds for and awareness of UN Women’s work across the Pacific and around the world.

Each year, UN Women Australia hosts the pre-eminent International Women’s Day events around the country – in Brisbane, Sydney, Canberra, Melbourne and Perth – to celebrate global achievements and discuss actions needed to continue accelerating gender equality. The events create an opportunity for inclusion, drawing together people from diverse backgrounds across Australia to empower, inspire, motivate and benefit individuals and communities towards advancing gender equality, here in Australia and globally.

No country in the world has achieved gender equality. Through our events, we aim to put the spotlight on global issues that perpetuate gender inequality and highlight actions we can all take on the path to a gender equal world.

Seven West Media and Google strike long-term partnership

By 7NEWS, SEVEN, Seven West Media

Seven West Media (ASX: SWM) today announced it has entered into a LOU to form a long-term partnership with Google to provide news content to the Google Showcase product which launched in Australia in early February.

The agreement will be subject to executing a long form agreement within the next 30 days.

This is a great outcome for Seven West Media and for Google. Our new partnership recognises the value, credibility and trust of our leading news brands and entertainment content across Seven and West Australian Newspapers.

I’d like to thank Prime Minister Scott Morrison and the Chair of the Australian Competition and Consumer Commission, Rod Sims, with particular recognition of Treasurer Josh Frydenberg, who has been instrumental in the outcome of this ground-breaking agreement.

Their outstanding leadership on the implementation of the proposed News Media Bargaining Code has resulted in us being able to conclude negotiations that result in fair payment and ensure our digital future.

The negotiations with Google recognise the value of quality and original journalism throughout the country and, in particular, in regional areas.

Google is to be congratulated for taking a leadership position in Australia and we believe their team is committed to the spirit of the proposed code.

Kerry Stokes AC, Seven West Media Chairman

We are proud to support original, trusted, and quality journalism and are excited to welcome Seven West Media today as a major Australian publishing partner to join Google News Showcase.

Seven West Media is one of Australia’s leading integrated media companies across broadcast, print and digital news and joins with 21 publications across a variety of titles as diverse as The West Australian, 7NEWS, PerthNow, the Albany Advertiser, the Geraldton Guardian and the Broome Advertiser.

Our partnership with Seven West Media sees us make a substantial investment in the future of journalism not just across the metropolitan areas, but importantly in regional areas too where titles like the Kalgoorlie Miner and the Harvey-Waroona Reporter are at the heart of the local community.

Showcase has been very well received since its launch in Australia a little over a week ago with our publisher partners receiving one million views of their content in just eight days, demonstrating that Showcase offers a constructive path forward for publishers, readers, and Google.

Mel Silva, Managing Director for Google Australia and New Zealand

Seven West Media Managing Director and CEO, James Warburton, welcomed today’s announcement.

This is another significant step in Seven West Media’s transformation journey.

Google recognises the strength of our audiences through our engaging content and leading platforms. We are excited to be partnering with them as we pursue the next stage of our strategy.

James Warburton, Seven West Media Managing Director and CEO

Seven West Media will advise more details following the execution of the long form agreement.

This release has been authorised to be given to ASX by the Managing Director and CEO of Seven West Media Limited.

Seven West Media implement Magnite’s new ad solution for CTV

By 7plus, Seven West Media

7plus are driving further innovation in the BVOD market with bold new moves – including testing underway of Magnite’s (a leading Programmatic technology) Universal Decisioning solution which will allow all advertisers (Programmatic & Direct) improved access to all our growing addressable audience. In addition to this, new rules on placements will ensure advertisers receive the most impactful spread of their impressions across the stream regardless of how they buy.

Magnite has been a long-trusted partner and has a history of delivering innovative solutions to support our continued growth.

We look forward to continuing that partnership with the use of the Unified Decisioning across our BVOD business.

Luke Smith, Head of Programmatic Sales at Seven West Media

Initial results are encouraging and we’re looking forward to bringing more improvements to advertisers so they can connect to our audience more effectively and with greater impact.

Clare Gill joins Seven West Media

By Seven West Media

Seven West Media (ASX: SWM) today announced the appointment of Clare Gill as Head of Regulatory and Government Affairs, effective 1 February.

Ms Gill will be responsible for Government and regulatory affairs, corporate affairs, industry group representation, external stakeholder management and strategic input to business strategy.

Ms Gill’s appointment follows the departure of Justine McCarthy, who is moving to a new role as Senior Adviser to the Minister for Communications, Urban Infrastructure, Cities and the Arts, the Hon Paul Fletcher MP.

Justine McCarthy has been a highly valued member of the Seven West Media team since 2012 and has made an important contribution across many parts of our business. We are sad to lose her, and she leaves with our thanks and very best wishes for the future.

The fact that she has been selected for the new role with our Minister is a tribute to her abilities, experience and profile and we look forward to continuing our association with her on industry matters at a Government level.

We are delighted to welcome Clare Gill to Seven West Media. Clare has a long and impressive track record in government, regulatory and corporate affairs, as well as policy development, industry relations and business strategy.

She is a strong addition to our executive team and joins at a critical time for Seven West Media and the media industry in general.

James Warburton, Seven West Media Managing Director and Chief

Ms Gill’s career includes four years as Group Director, Regulatory Affairs and Spectrum Strategy, at Nine and five years as Head of Government and Corporate Affairs at SingTel Optus.

I am thrilled to be joining Seven West Media at such an exciting time for the business and the industry. I am looking forward to working with the team as they continue to innovate and reshape the future of media.

Clare Gill

It has been a great privilege to lead the Regulatory and Government Affairs team at Seven West Media and drive the achievement of a range of significant policy reforms for the media sector over the past eight years.

At a time when this sector faces significant challenges and opportunities, I look forward to working with the Minister and contributing towards the ongoing evolution of regulatory policy from a broader perspective.

Justine McCarthy
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