‘The public deserve free TV’: Stokes Goes Out Swinging After Almost 50 Years
Australia’s last major media figure, Kerry Stokes, is stepping down as chairman of Seven West Media after nearly five decades, but his battle for free-to-air television continues. At 85, Stokes chaired his final annual general meeting before announcing he will step back from the role early next year.
Defending Free Television
In his farewell address, Stokes reiterated his commitment to protecting the television industry from the growing dominance of global streaming platforms. He criticized their tax structures 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,” Stokes said.
Preparing for a New Chapter
Stokes noted that while he plans to step back from direct management, his support for the company remains strong. In February, Seven is expected to merge with the radio group behind Triple M and Hit Networks.
“The whole industry needs some protection,” he said.
From Humble Beginnings to Media Empire
Known as the last of Australia’s great media moguls, Stokes built his fortune from modest beginnings as a TV aerial installer. In 47 years, he transformed Seven into a major network, a journey that took him from poverty to prominence.
“Oh, um, I got lucky,” Stokes said when asked about his success.
Passion for Australian Media
Stokes emphasized his love for television and the value it brings to Australians through news, sports, and entertainment.
“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 ends his remarkable Five-decade career defending free TV, challenging global streamers, and reaffirming his lifelong dedication to Australian broadcasting.