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(Seven's Kerry Stokes looks at buying radio stations)
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Seven and the International Olympics Committee confirmed the deal for the 2016 Rio de Janeiro Games, the 2018 Winter Games in Pyeongchang, South Korea, and the 2020 Tokyo Games on Tuesday.
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The agreement with Seven encompasses the rights for free-to-air television, pay television, radio, digital, mobile and Hybrid Broadcast Broadband TV.
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Asked by Fairfax Media if it was possible that Seven could own a radio network within the length of the deal, Mr Stokes said: Yes it could.
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  I don t know if we will, it s up to (Seven chief executive) Mr Worner, but it s possible.
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Mr Stokes said he saw potential synergies in owning a radio network and a free-to-air television network.
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Seven could buy radio stations in all major metro <a href=http://www.saclouisvuittonhomme.com/sacs-louis-vuitton-2013-37>Sacs Louis Vuitton 2013</a> markets aside from Perth where it owns The West Australian newspaper.
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The two out of three rule stops anyone owning more than two of a newspaper, commercial TV licence or radio licence in a major market, although Communications Minister Malcolm Turnbull is leading a regulatory review of the media sector, which could see the rule scrapped.
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Seven paid around $190 million for the three Olympic Games and the deal included an option for the network to broadcast the following two Games in 2022 and 2024. The three finalists to host the 2022 Winter Olympics are Oslo, Beijing and Almaty in Kazakhstan. Beijing and Almaty have favourable timezones for broadcasting in <a href=http://www.saclouisvuittonhomme.com/louis-vuitton-millimetre-artsy-41>Louis Vuitton Millimetre Artsy</a> Australia.
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Nine took an estimated $25 million hit on its coverage of the 2012 London Olympics after it jointly paid $122 million with pay TV operator Foxtel for the broadcast rights to the Vancouver 2010 Winter Olympics and London.
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Mr Stokes insisted that Seven had always made a profit when it had televised the Games since he became involved in the company in 1994.
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  We re excited that this time around, the same results will be achieved, he said.
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Seven s experience in broadcasting the Games meant the network was well-versed in the effort that was required to do so, MrStokes said.
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  It s in Seven s DNA, Mt Stokes said. Everybody in our network has worked on the Olympics at some time and everybody in our network is enthusiastic and cares.
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  You have to be the equivalent of an Olympic athlete because you have to be the best that our company s got to give.  
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Mr Worner said the company had received several emails from potential advertising clients on Tuesday morning after the deal was confirmed.
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  In terms of <Seven>chief revenue officer Kurt s <Burnette> major task and that is to monetise these rights, again we haven t been able to press the button on our plans but we ve had plans, he said.
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  In terms of, for example, the development of programs we will launch out of 2016, those shows have been earmarked <a href=http://www.saclouisvuittonhomme.com/louis-vuitton-keepall-49>Sac Louis Vuitton Keepall</a> and they ve been in development for quite a few months.

Revision as of 06:40, 10 August 2014

@@@ Seven and the International Olympics Committee confirmed the deal for the 2016 Rio de Janeiro Games, the 2018 Winter Games in Pyeongchang, South Korea, and the 2020 Tokyo Games on Tuesday.

The agreement with Seven encompasses the rights for free-to-air television, pay television, radio, digital, mobile and Hybrid Broadcast Broadband TV.
Advertisement 
Asked by Fairfax Media if it was possible that Seven could own a radio network within the length of the deal, Mr Stokes said: Yes it could.
 I don t know if we will, it s up to (Seven chief executive) Mr Worner, but it s possible. 
Mr Stokes said he saw potential synergies in owning a radio network and a free-to-air television network.
Seven could buy radio stations in all major metro <a href=http://www.saclouisvuittonhomme.com/sacs-louis-vuitton-2013-37>Sacs Louis Vuitton 2013</a> markets aside from Perth where it owns The West Australian newspaper.
The two out of three rule stops anyone owning more than two of a newspaper, commercial TV licence or radio licence in a major market, although Communications Minister Malcolm Turnbull is leading a regulatory review of the media sector, which could see the rule scrapped.
Seven paid around $190 million for the three Olympic Games and the deal included an option for the network to broadcast the following two Games in 2022 and 2024. The three finalists to host the 2022 Winter Olympics are Oslo, Beijing and Almaty in Kazakhstan. Beijing and Almaty have favourable timezones for broadcasting in <a href=http://www.saclouisvuittonhomme.com/louis-vuitton-millimetre-artsy-41>Louis Vuitton Millimetre Artsy</a> Australia.
Nine took an estimated $25 million hit on its coverage of the 2012 London Olympics after it jointly paid $122 million with pay TV operator Foxtel for the broadcast rights to the Vancouver 2010 Winter Olympics and London.
Mr Stokes insisted that Seven had always made a profit when it had televised the Games since he became involved in the company in 1994.
 We re excited that this time around, the same results will be achieved, he said.
Seven s experience in broadcasting the Games meant the network was well-versed in the effort that was required to do so, MrStokes said.
 It s in Seven s DNA, Mt Stokes said. Everybody in our network has worked on the Olympics at some time and everybody in our network is enthusiastic and cares.
 You have to be the equivalent of an Olympic athlete because you have to be the best that our company s got to give. 
Mr Worner said the company had received several emails from potential advertising clients on Tuesday morning after the deal was confirmed.
 In terms of <Seven>chief revenue officer Kurt s <Burnette> major task and that is to monetise these rights, again we haven t been able to press the button on our plans but we ve had plans, he said.
 In terms of, for example, the development of programs we will launch out of 2016, those shows have been earmarked <a href=http://www.saclouisvuittonhomme.com/louis-vuitton-keepall-49>Sac Louis Vuitton Keepall</a> and they ve been in development for quite a few months.
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