Seven West Media Faces Shareholder Remuneration Revolt
At its annual general meeting in Sydney, Seven West Media, led by Kerry Stokes, encountered a strong shareholder backlash. Over 35% of shareholders opposed the company’s 2025 remuneration report.
This protest came despite the company not awarding bonuses to executives, as the financial targets were not met during the past year.
Company Background and Leadership
Seven West Media is a prominent Australian media group with interests spanning television, publishing, and digital media.
Kerry Stokes, potentially chairing his final AGM due to a proposed acquisition by Southern Cross Media, addressed shareholders’ concerns during the meeting.
“We have faced considerable challenges from very large international companies stealing all our revenue,” Stokes said, acknowledging the tough operating environment.
Shareholder Concerns
Shareholders expressed deep dissatisfaction with the company’s financial results and the steep decline in investment value.
One shareholder lamented their investment dropping from $1 million to $27,000 and called on the board to reinstate dividend payments.
Summary
The shareholder revolt highlights significant unrest around remuneration and financial challenges as Seven West Media navigates intense competition and prepares for potential ownership changes.
Author’s Conclusion
The dissent at Seven West Media’s AGM underscores growing investor frustration with the company’s financial struggles and governance amid fierce international competition.