‘The Public Deserve Free TV’: Stokes Reflects on Nearly 50 Years
Australia’s last media mogul, Kerry Stokes, is preparing to step down from his leadership role at Seven West Media early next year after nearly five decades, but his commitment to free television remains strong.
Final Annual General Meeting and Industry Criticism
During his final AGM as chairman of Seven West Media, the 85-year-old took a firm stance against Netflix and streaming platforms, criticizing their tax practices:
“They’ve taken out last year some $6 billion in revenue. They take the advertising and there’s no tax on it. And these people will go on until there’s nothing left.”
Transition and Industry Concerns
Stokes emphasized that while he is stepping back from day-to-day duties starting February, when Seven merges with the radio conglomerate behind Triple M and Hit Networks, he is not retiring completely. He highlighted the need for protection across the entire media industry.
Legacy and Motivation
Following the passing of Kerry Packer and the retirement of Rupert Murdoch, Stokes is regarded as the last media mogul in Australia—a self-made billionaire who overcame dyslexia and poverty. From installing TV aerials to owning a network, his journey spans 47 years since first investing in Seven.
When asked about his success, Stokes humbly replied:
“Oh, um, I got lucky.”
Nonetheless, his dedication remains clear:
“I love the fact that regardless of the headaches, we produce for the Australian public quality news, quality sports coverage and good entertainment.”
Author’s Summary
Kerry Stokes, after nearly 50 years leading Seven West Media, remains passionate about protecting free TV and quality Australian content amid rising streaming challenges.
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