The Public Deserve Free TV: Kerry Stokes Steps Down After Nearly 50 Years
Australia’s last major media mogul, Kerry Stokes, is stepping away from his leadership role at Seven West Media after almost half a century. Though leaving his top post early next year, the 85-year-old vows to continue advocating for free television, confronting the dominance of global streaming platforms.
A Lifelong Fight for Free TV
At his final annual general meeting, Stokes did not hold back in criticising streaming giants like Netflix, particularly their tax practices and impact on local media.
“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,” said Stokes.
Transition and Industry Changes
From February, Stokes plans to step back as Seven merges with the radio conglomerate behind the Triple M and Hit Networks. “The whole industry needs some protection,” he emphasized, referring to increasing competition and consolidation pressures across the sector.
From Struggle to Success
Often called the last mogul standing, Stokes rose from humble beginnings. Once a poor, dyslexic TV aerial installer, he turned himself into one of Australia’s most influential media billionaires after purchasing into Seven 47 years ago.
“Oh, um, I got lucky,” Stokes remarked modestly when asked about the secret to his success.
Enduring Passion for Broadcasting
Even as he steps aside, Stokes’s commitment to quality broadcasting endures.
“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
After nearly 50 years in media, Kerry Stokes leaves his top role but remains a relentless defender of free television and Australian content in the face of streaming competition.