Seven West Media Faces Shareholder Remuneration Revolt
Seven West Media, chaired by Kerry Stokes, faced a major backlash from investors during its annual general meeting in Sydney. Over 35 percent of shareholders opposed the company’s 2025 remuneration report, signaling deep dissatisfaction with executive pay policies.
The protest emerged even though no executive bonuses were granted, as key financial goals were not achieved during the previous year. The company continues to operate under challenging market conditions amid strong competition.
Challenges and Leadership Commentary
Kerry Stokes, who may be overseeing his final AGM as chairman due to a proposed merger with Southern Cross Media, addressed investor concerns about financial performance and market pressures.
“Very large international companies are stealing all our revenue,” said Stokes, acknowledging the tough environment limiting the company’s progress.
Investor Frustration
One shareholder expressed their deep frustration over the declining value of their holdings, noting their investment had fallen sharply from $1 million to just $27,000. They urged the board to resume dividend payments to restore investor confidence.
- 35% of shareholders rejected the 2025 remuneration report.
- No bonus payments issued due to unmet financial goals.
- Proposed acquisition by Southern Cross Media pending.
- Investors demand greater accountability and dividend restoration.
About Seven West Media
Seven West Media is a leading Australian media company with operations across television, publishing, and digital platforms. The group continues to navigate a competitive landscape marked by shifting audience behaviors and international market pressures.
Author’s Summary: Investors at Seven West Media’s AGM opposed executive pay amid unmet targets and market strain, urging leadership to prioritize financial recovery and shareholder returns.