Seven West, Southern Cross Merger Doesn't Solve Structural Problem -- Market Talk

Dow Jones10-01

2244 GMT [Dow Jones]--Seven West Media's proposed merger with Southern Cross Media doesn't solve the problem of structural challenges in traditional media, Jefferies says. The deal creates some savings, estimated by the companies at up to A$30 million. But analyst Roger Samuel says the combined company's market value would be small at around A$400 million. "The combined entity will still only derive 12% of its total revenue from Digital," Jefferies says. "Nine Entertainment by comparison, derives 45% of its revenue from digital media, across Stan, 9Now and digital publishing, with a small contribution from digital audio." So, Jefferies continues to favor Nine among Australian broadcasters. (david.winning@wsj.com)

(END) Dow Jones Newswires

September 30, 2025 18:46 ET (22:46 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2572370008?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-01 06:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2572370008","market":"us","top_or_hot":-1,"title":"Seven West, Southern Cross Merger Doesn't Solve Structural Problem -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2244 GMT [Dow Jones]--<a href=\"https://laohu8.com/S/SWM.AU\">Seven West Media</a>'s proposed merger with <a href=\"https://laohu8.com/S/SXL.AU\">Southern Cross Media</a> doesn't solve the problem of structural challenges in traditional media, Jefferies says. The deal creates some savings, estimated by the companies at up to A$30 million. But analyst Roger Samuel says the combined company's market value would be small at around A$400 million. \"The combined entity will still only derive 12% of its total revenue from Digital,\" Jefferies says. \"<a href=\"https://laohu8.com/S/NNMTF\">Nine Entertainment</a> by comparison, derives 45% of its revenue from digital media, across Stan, 9Now and digital publishing, with a small contribution from digital audio.\" So, Jefferies continues to favor Nine among Australian broadcasters. (david.winning@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 30, 2025 18:46 ET (22:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seven West, Southern Cross Merger Doesn't Solve Structural Problem -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeven West, Southern Cross Merger Doesn't Solve Structural Problem -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-01 06:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2244 GMT [Dow Jones]--<a href=\"https://laohu8.com/S/SWM.AU\">Seven West Media</a>'s proposed merger with <a href=\"https://laohu8.com/S/SXL.AU\">Southern Cross Media</a> doesn't solve the problem of structural challenges in traditional media, Jefferies says. The deal creates some savings, estimated by the companies at up to A$30 million. But analyst Roger Samuel says the combined company's market value would be small at around A$400 million. \"The combined entity will still only derive 12% of its total revenue from Digital,\" Jefferies says. \"<a href=\"https://laohu8.com/S/NNMTF\">Nine Entertainment</a> by comparison, derives 45% of its revenue from digital media, across Stan, 9Now and digital publishing, with a small contribution from digital audio.\" So, Jefferies continues to favor Nine among Australian broadcasters. (david.winning@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 30, 2025 18:46 ET (22:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1929549753.HKD","symbol_name":"FRANKLIN INCOME \"A\" (HKD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2572370008","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2572370008","pubTimestamp":1759272360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2244 GMT [Dow Jones]--Seven West Media's proposed merger with Southern Cross Media doesn't solve the problem of structural challenges in traditional media, Jefferies says. The deal creates some savings, estimated by the companies at up to A$30 million. But analyst Roger Samuel says the combined company's market value would be small at around A$400 million. \"The combined entity will still only derive 12% of its total revenue from Digital,\" Jefferies says. \"Nine Entertainment by comparison, derives 45% of its revenue from digital media, across Stan, 9Now and digital publishing, with a small contribution from digital audio.\" So, Jefferies continues to favor Nine among Australian broadcasters. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","BK7052":"广播","IE00BMG7P587.USD":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","IE00BMG7P694.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis USD Plus","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","IE00BMG7P819.SGD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis SGD-H Plus","BK4585":"ETF&股票定投概念","LU1621767810.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU1621768206.USD":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (USD) ACC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","SWM.AU":"SEVEN WEST MEDIA LTD","SO":"美国南方公司","NEC.AU":"NINE ENTERTAINMENT CO HOLDIN","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU2384288077.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A-INS\" (EUR) ACC","IE00BMG7P926.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Acc USD","BK4081":"电力公用事业","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","BK4588":"碎股","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","SXL.AU":"SOUTHERN CROSS MEDIA GROUP L","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC"},"translate_title":"七西、南十字星合并并不能解决结构性问题——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SO":1.5,"NEC.AU":0.9,"SWM.AU":0.9,"SXL.AU":0.9},"content_text":"2244 GMT [Dow Jones]--Seven West Media's proposed merger with Southern Cross Media doesn't solve the problem of structural challenges in traditional media, Jefferies says. The deal creates some savings, estimated by the companies at up to A$30 million. But analyst Roger Samuel says the combined company's market value would be small at around A$400 million. \"The combined entity will still only derive 12% of its total revenue from Digital,\" Jefferies says. \"Nine Entertainment by comparison, derives 45% of its revenue from digital media, across Stan, 9Now and digital publishing, with a small contribution from digital audio.\" So, Jefferies continues to favor Nine among Australian broadcasters. (david.winning@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 30, 2025 18:46 ET (22:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2572370008","isCrawlerRequest":true}