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Seven’s owner announces massive job cuts as TV earnings drop
Southern Cross Media, the business created from the merger of Kerry Stokes’ Seven West and radio group Southern Cross, announced a profit downgrade and massive job cuts as market conditions continue to deteriorate.
Southern Cross said its businesses “are performing well in market conditions that have deteriorated materially more than anticipated” through the current quarter, with revenue and earnings both expected to be below previous forecasts.
“There is strong momentum in audience and revenue share and every one of our businesses is outperforming in their markets. But we need to be honest with ourselves that those markets are under immense pressure,” Southern Cross chief executive Rohan Lund told staff.
Stars axed in brutal cuts at Seven
A Channel 7 reporter has taken to social media to reveal she has been made redundant while on maternity leave.
Melbourne-based reporter Bethan Yeoman is one of up to 300 full-time staffers axed by Southern Cross Media Group, owners of the Seven Network, The West Australian and Southern Cross Austereo.
“Being made redundant on mat leave was not on my 2026 bingo card … but all the greatest things that have happened in my career have come after set backs – so I know the best is yet to come,” the new mother posted to her Instagram account on Friday.
“It’s the people who make this job so special … and I’m just so grateful for all the amazing journos and cameramen I’ve worked so closely with over the years.
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