Articles On Prime Media Group (ASX:PRT)

ASX-listed jobs marketplace Airtasker will have its first female board leader with Cass O’Connor stepping into the chair role next month as James Spenceley departs after eight years. Spenceley, the founder of telco Vocus, is a prolific VC i...

ASX-listed jobs marketplace Airtasker will have its first female board leader with Cass O’Connor stepping into the chair role next month as James Spenceley departs after eight years. Spenceley, the founder of telco Vocus, is a prolific VC i...

ShareCafeBottom Line Buzz: BRG, TPW, SWM The local reporting season for the December period is picking up steam – here are the important bits from the announcements by Breville Group, Temple & Webster and Seven West Media. ………… Kitchen...

ShareCafeSeven West, Nine Entertainment Talk Up Prospects The Macquarie conference also heard upgrades from two of our major locally listed media groups, Seven West Media and Nine Entertainment, with both forecasting strong rises in earning...

Shares in Seven West Media Ltd (ASX: SWM) are tracking lower today and now trade around 2% down at 64.25 cents apiece. The Seven West share price is on the move today amid the release of its investor presentation and trading update, pres...

Highlights The benchmark ASX 200 index jumped 0.68% to 7,366.2 in the first 10 minutes of trading. Global stock markets closed higher on Tuesday, while 10-year US Treasury yields retraced a bit from their ~3% highs. Magellan Financial...

Media proprietor Antony Catalano and backer Alex Waislitz are considering taking their regional newspapers and real estate classifieds businesses to the ASX boards in an ambitious plan involving what was Prime Media Group.

Despite closing lower today, the ASX finished 2021 over 13% where it begun. This compares to a loss of just over 1% in 2020 but a gain of over 20% in 2019. But the ASX did retreat today, snapping a winning streak of 6 trading days and all s...

Seven West Media has completed its $132 million takeover of regional broadcaster Prime, with the expanded company expected to reach more than 90 per cent of the Australian market each month.

The Seven West Media Ltd (ASX: SWM) share price slipped on Thursday despite the company’s acquisition of Prime Media Group Limited (ASX: PRT) clearing its final hurdle. The takeover can now go ahead and will be completed on 31 December. Ho...

23 Dec 2021 - Prime Media (ASX:PRT) shareholders gave enormous support in the $132 million takeover bid from Seven West Media (ASX:SWM) with 99.9% approving the deal.

There are some ASX shares that are rated as buys by multiple different brokers. Share prices are changing all the time, so different companies can become opportunities at different times. When many analysts think that a business is a buy,...

Highlights Treasurer Josh Frydenberg nominated Gina Cass-Gottlieb for the first chairwoman of ACCC. she has represented numerous corporate clients in the past that have come on the radar of ACCC. Former ACCC chairman Allan Fels also s...

ShareCafeLate Run of Green Lights at the ACCC Was it clean-up day at the Australian Competition and Consumer Commission (ACCC) yesterday or an end of year sale, with three corporate deals given the green light after hanging round for a whil...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to continue its winning streak but is falling just a touch short. At the time of writing, the benchmark index is down slightly to 7,401.7 points. Four ASX shares tha...

The Seven West Media Ltd (ASX: SWM) share price is in the red today despite good news regarding its planned acquisition of Prime Media Group Limited (ASX: PRT). The Australian Competition and Consumer Commission (ACCC) has given the deal t...

The ACCC gave approval to the three proposed takeovers this morning – the most prominent of which was Sydney Airport (ASX:SYD). Sydney Airport has accepted a takeover offer from the Sydney Aviation Alliance – a consortium of investors compr...

Seven West Media has been given permission to complete the purchase of a broadcasting rival in a deal tipped to transform the Kerry Stokes-backed firm.

09 Dec 2021 - The Australian Competition & Consumer Commission has given its approval for Seven West Media's (ASX:SWM) offer to buy Prime Media (ASX:PRT) valued at $132 million.

The consumer watchdog green-lights a $131.9 million Seven West Media (SWM) takeover of regional broadcaster Prime Media (PRT) This means all that stands in the way of the deal is shareholder approval from PRT shareholders, which the compan...

For the second month in a row the ASX was hit by a major sell-off in the last few days of the month and it took the bourse from what was then a 0.5% gain to a 1.56% loss in November. Just when we thought we were out of the worst of COVID, w...

The Raiz Invest Ltd (ASX: RZI) share price is moving almost 8% higher at the time of writing following the company’s latest announcement. Before market open, the micro-investing platform informed shareholders of a strategic investment from...

Shares in national media company Seven West Media Ltd (ASX: SWM) have soared to new heights today and are now trading at 58.5 cents apiece. The free-to-air TV giant’s share price is now back on the podium by setting a corresponding 3-year...

The Seven West Media Ltd (ASX: SWM) share price is in the green today after the company’s bosses outlined its strong performance through financial year 2021 (FY 2021). The company’s managing director and CEO James Warburton also provided t...

AIC Mines (ASX:A1M) led a group of 30 stocks running hot this week, amid another spate of big mining hits, M&A deals and clean energy winners. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Stre...

ShareCafeThe Week that Was – November 1-5, 2021 We at ShareCafe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. To make it easier to do so,...

Highlights IAG shares dropped after the company slashed guidance for FY22. Westpac extended fall on lower-than-expected annual earnings. Seven West Media and Prime Media shares extended rally for a second day on acquisition deal. Net...

Highlights The ASX 200 traded 0.5% lower ahead of the RBA policy decision. Seven of 11 sectors traded in the red, while financial sector declined the most. Top losers on the ASX were IAG, Whitehaven Coal and Brickworks. Australian...

ShareCafeCashed-Up Seven West Buys Prime Assets Refinanced on Friday, a structured $131.9 million takeover play on Monday, plus a small million asset play as well, Kerry Stokes’ Seven West Media is back in play after two years of hacking, s...

Highlights Shares of Charter Hall Social Infrastructure REIT ended 1.6% lower. Seven West Media surged as much as 21% on deal with Prime Media Group. Westpac shares tumbled over 7% after its annual cash profit failed to meet estimate...

The ASX 200 rose 0.64% on the first trading day of the month. All sectors were in the green except financials – a sector dragged down by Westpac (ASX:WBC) following its results. The best sectors were consumer discretionaries, telcos and uti...

Highlights The ASX 200 opened higher and rose 0.6% by the mid-session on Monday. Nine of the 11 sectors traded in red, barring financial and materials. Orocobre, Janus Henderson, and Blackmores were among top gainers on the ASX. Gold...

The Seven West Media Ltd (ASX: SWM) share price is climbing higher on Monday after announcing the acquisition of Prime Media Group Limited (ASX: PRT). At the time of writing, shares in the media company are swapping hands for 50 cents api...

Seven West Media (SWM) looks to solidify its position in Australia’s broadcast landscape with the buyout of Prime Media Group (PRT) for $131.9 million The purchase price represents a 57 per cent premium to Prime Media’s closing price on Fr...

Highlights   The Australian share market opened higher on Monday despite banking heavyweight Westpac’s shares falling sharply after it missed its cash profit expectations. The ASX 200 opened in the green and was up 6.70 points, or 0...

Seven West Media (ASX: SWM) is having a second bite at the cherry as it tries to acquire regional broadcaster Prime Media (ASX: PRT) following its failed $65 million bid in 2019, sending the target's shares up by almost 70 per cent this mor...

It was another busy morning for takeovers on the ASX, headlined with Seven West Media (ASX:SWM) making a $131.9m bid for Prime Media (ASX:PRT). Prime Media’s board has already backed the bid and indicated up to 43.5% of its shareholders int...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Seven West Media will further cement its dominance across Australia’s metropolitan and regional television markets with the $131.9 million purchase of Prime Media Group.

Highlights The Australian share market is expected to start the first day of the week on a positive note. According to the latest SPI futures, the ASX 200 is expected to open the day 68 points or 0.9% higher. On Friday, the Dow Jones...

On Wednesday I looked at three ASX shares that brokers have given buy ratings to this week. Unfortunately, not all shares are in favour with them right now. Three ASX shares that have just been given sell ratings by brokers are listed below...

The Prime Media Group Limited (ASX: PRT) share price was not trading today despite news that the Australian media regulator has approved Australian Community Media (ACM) obtaining a 20% stake in the company. At yesterday’s market close, sh...

The Nine Entertainment Co Holdings Ltd (ASX: NEC) share price was relatively unmoved today after speculation emerged the company may purchase the WIN Corporation. After edging slightly higher throughout the day, the Nine share price closed...

Source: Gsign76, Shutterstock Summary Market seems to be in a tug of war between rising bond yields and economic recovery signals. Low-priced stocks can be great bets, given decent underlying fundamentals and technicals. While ris...

26 Feb 2021 - Prime Media’s (ASX:PRT) interim financial results for the half-year ended 31 December 2020 show total revenue edged 1 per cent higher year on year to $91.7 million.

ShareCafeCoronavirus Rattles Fragile Media Sector ITV, Britain’s main commercial TV broadcaster and production group has sent 800 staff – 15% of its workforce on leave as ad revenue tanks in the wake of lockdowns and social distancing rules...

Seven West Media (SWM) has acquired 14.9 per cent of Prime Media. This follows the failed acquisition of Prime after the schemer meeting where 53 per cent of votes were against the merger. Prime’s Chairman John Hartigan has now officially...

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.40% to...

In addition to the above, the ACCC may abstain from granting authorisation unless it is satisfied that either: The proposed acquisition does not likely lessen the competition to a substantial magnitude, or the likely advantage for the com...

The proposed merger of Seven West Media (ASX: SWM) and Prime Media Group (ASX: PRT) has been blocked by shareholders in what was a very close vote. The resolution was voted on this morning by shareholders in Prime Media Group, with 53.53...