Seven West Media and Google strike longterm partnership

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    Seven West Media (ASX: SWM) today announced it has entered into a LOU to form a longterm partnership with Google to provide news content to the Google Showcase product
    which launched in Australia in early February.
    The agreement will be subject to executing a long form agreement within the next 30 days.
    Seven West Media Chairman Kerry Stokes AC said: “This is a great outcome for Seven
    West Media and for Google. Our new partnership recognises the value, credibility and trust
    of our leading news brands and entertainment content across Seven and West Australian
    Newspapers.
    “I’d like to thank Prime Minister Scott Morrison and the Chair of the Australian Competition
    and Consumer Commission, Rod Sims, with particular recognition of Treasurer Josh
    Frydenberg, who has been instrumental in the outcome of this ground-breaking agreement.
    “Their outstanding leadership on the implementation of the proposed News Media
    Bargaining Code has resulted in us being able to conclude negotiations that result in fair
    payment and ensure our digital future,” he said.
    “The negotiations with Google recognise the value of quality and original journalism
    throughout the country and, in particular, in regional areas.
    “Google is to be congratulated for taking a leadership position in Australia and we believe
    their team is committed to the spirit of the proposed code.”
    Mel Silva, Managing Director for Google Australia and New Zealand, said: “We are proud to
    support original, trusted, and quality journalism and are excited to welcome Seven West
    Media today as a major Australian publishing partner to join Google News Showcase.
    “Seven West Media is one of Australia’s leading integrated media companies across
    broadcast, print and digital news and joins with 21 publications across a variety of titles as
    diverse as The West Australian, 7NEWS, PerthNow, the Albany Advertiser, the Geraldton
    Guardian and the Broome Advertiser.
    “Our partnership with Seven West Media sees us make a substantial investment in the future
    of journalism not just across the metropolitan areas, but importantly in regional areas too
    where titles like the Kalgoorlie Miner and the Harvey-Waroona Reporter are at the heart of
    the local community,” she said.
    “Showcase has been very well received since its launch in Australia a little over a week ago
    with our publisher partners receiving one million views of their content in just eight days,
    Seven Network (Operations) Limited / 8 Central Avenue, Eveleigh NSW 2015 Australia / PO Box 7077, Alexandria NSW 2015 Australia
    T +61 2 8777 7777 / ABN 62 052 845 262
    demonstrating that Showcase offers a constructive path forward for publishers, readers, and
    Google.”
    Seven West Media Managing Director and CEO, James Warburton, welcomed today’s
    announcement.
    “This is another significant step in Seven West Media’s transformation journey," he said.
    “Google recognises the strength of our audiences through our engaging content and leading
    platforms. We are excited to be partnering with them as we pursue the next stage of our
    strategy.”
    Seven West Media will advise more details following the execution of the long form
    agreement.
    This release has been authorised to be given to ASX by the Managing Director and CEO of
    Seven West Media Limited.
    For more information, please contact:
    Jack McLintock
    Corporate and Government Affairs Manager
    M: 0450 608 022
    E: jmclintock@seven.com.au

    courtesy of Bell Direct
    ==========================================================================================

    DYOR

    i do not hold this share ( but do hold SVW the parent company )

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    Australia's Seven West Media finalises news content deals with Google, Facebook

    https://www.investing.com/news/technology-news/australias-seven-west-media-finalises-news-content-deals-with-google-facebook-2492426

    DYOR

    i hold SVW ( a major share-holder in SWM )

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