Seven & Prime Media agree to increased affiliate fees
Seven renews content partnership with regional broadcaster for another five years.
- Published by David Knox
- on
- Filed under News
Seven West Media and Prime Media Group today have extended their program supply arrangements for another five years, with an increase in affiliate fees.
Seven West Media today announced posted a net profit of $135.8 million for the 12 months to 30 June 2018 after a net loss of $744.3 million a year earlier.
Seven West Media’s CEO Tim Worner said: “Our partnership with Prime, which now runs over 30 years, is one that we value tremendously. It delivers great results for both organisations, and ensures millions of viewers in regional and rural Australia can enjoy Seven’s market- leading news, entertainment and sport programming.”
Ian Audsley CEO of Prime said “Seven has made substantial up-front investments in key sports rights and uniquely Australian content to drive audience performance in an increasingly competitive environment. We recognise that these investments form the cornerstone to Prime’s leading position in regional television. Accordingly, we have increased our contribution to these investments and we are delighted to further extend our relationship with Seven.”
The agreement is effective from 1st July 2018.
3 Responses
Prime go alright… but like alot in regional tv… they have good workers being paid poorly and using equipment that is long past its used by date. WIN keep doing things like buy football teams, but pay their workers not alot and they use gear that 20+ years old. All this means low morale.
Putting an even tighter aqueeze on Prime. Regional.TV is all but dead.
Am surprised Seven has not offloaded 7QLD yet, possibly no willing buyers?
From what I hear – admittedly, not much – for its size it’s one of the more profitable & efficient bits of 7West’s broadcasting empire .