Type Public Website www.sevengroup.com.au Founded 1956 | Traded as ASX: SVW Headquarters Sydney, Australia | |
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Industry Media, Mining, Construction Stock price SVW (ASX) A$ 10.76 -0.05 (-0.46%)30 Mar, 4:11 PM GMT+11 - Disclaimer Subsidiaries WesTrac, Unwired, Nexus Energy | ||
Seven Group Holdings Limited (SGH, formerly Seven Network Limited) is an Australian diversified operating and investment group in the media, mining and construction industries.
History
Seven Network Limited was formed in 1991 by receivers to bundle together the assets of Christopher Skase's failed Qintex business.
In December 2006, Seven Network Limited shareholders voted to spin off the company's 'old media' assets into a 50/50 joint venture with private equity firm Kohlberg Kravis Roberts (KKR), creating the Seven Media Group.
In 2002, Seven Media Group acquired Pacific Magazines.
In January of 2006, Seven Media Group partnered with Yahoo! to launch Yahoo!7, founded as a cross-media entity which would expand the content distribution networks of both companies.
On 22 February 2010, it was announced that WesTrac would merge with Seven Network Limited, and the combined entity was renamed "Seven Group Holdings".
In April 2011, Seven Media Group was acquired by West Australian Newspapers Ltd to create Seven West Media Ltd. Seven Group Holdings remains Seven West Media's largest shareholder, with a 33.2% stake.