Yahoo! and Seven Network, one of Australia’s leading media companies, will form a 50-50 joint venture media company focused on the delivery of relevant content across a number of delivery platforms in Australia and New Zealand. Yahoo! Australia & NZ and Seven will be combining their online teams and are expected to launch a new name and an exciting online presence in late January, coinciding with Seven’s coverage of the Australian Open and the Olympic Winter Games in Torino, as well as the opening weeks of the 2006 television season. The vision for the combined teams is to create the best entertainment, information and communications experience for Australian internet and mobile users.
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- Seven is the largest television company in Australia reaching 74 per cent of the market through its owned and operated television stations, and 98 per cent of Australians through its owned and operated stations and affiliate agreements. Seven’s publishing company – Pacific Magazines – is the second largest magazine company in Australia, with a 21 per cent share of the magazine market.