Stokes’ Seven Network merges with WesTrac Holdings

Tim Burrowes

February 22, 2010 9:03

Kerry Stokes’ Seven Network has surprised the market by this morning revealing a merger with resource machinery company WesTrac Holdings.

In an announcement to the ASX, the company announced:

“Seven Network Limited and WesTrac Holdings to merge to create a new diversified operating and investment group to be listed on the Australian Securities Exchange.

“The new company – Seven Group Holdings Limited – will transition Seven Network Limited from an investment holding company with a significant presence in media, to part of an operating group with diversity, scale and strong growth prospects.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.

Topics

3 COMMENTS

Snake Gallagher 22 Feb 10

Is this related to Stokes’ other company, Iron Ore Holdings? It makes some sort of insane sense – earthmoving and mining equipment to dig up the iron ore and a radio, newspaper, online and television network to spruik it to the potential investors. All he needs now is a railway company to transport the ore…oopps, I think I just gave away his long term plan.

User ID not verified.

Cameron 22 Feb 10

It’s all about leverage in China with media.

User ID not verified.