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flag Seven West Media faces backlash over declining profits and no dividends, blaming foreign streamers and pushing for government action on local content.

flag Seven West Media faced shareholder anger at its 2025 AGM over a 4% revenue drop, a profit decline from $67 million to $30 million, and an eight-year dividend drought, with over 35% voting against the remuneration report despite executives receiving no bonuses. flag Chairman Kerry Stokes blamed foreign streaming platforms like Netflix and YouTube for siphoning $6 billion in potential revenue and avoiding taxes, promising to share in future dividends. flag The company’s planned merger with Southern Cross Media, not subject to shareholder vote, aims to boost efficiency, while executives urged faster government action on media reform, including a new bill requiring streamers with over a million Australian users to invest in local content.

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