Kerry Stokes: A Media Mogul's Final Chapter
Kerry Stokes dedicated his life to building a television network and a newspaper publishing empire. On Thursday, he chaired his last annual general meeting (AGM) for Seven West Media, which lasted 48 minutes.
Retirement and Leadership Transition
The 85-year-old announced he will retire from the board when Seven West Media merges with Southern Cross Media Group early next year. Reflecting on his decision, Stokes made a humble admission uncommon for a media titan.
“Because I would be arrogant if I didn’t. For me to say there wasn’t anyone better than I am is arrogant.”
He expressed confidence in his successor’s abilities and enthusiasm for the future, saying:
“I am convinced the new incoming chairman will do a great job and bring new energy and I’m excited about that.”
Future of the Media Group
Heith Mackay-Cruise, an experienced media and technology director, is set to replace Stokes. The merged company will consolidate the Seven Network, The West Australian, and The Nightly alongside Triple M and Hit radio networks.
Stokes' Role Moving Forward
As a 20% owner of the new entity, Stokes will serve as an adviser but promises not to interfere with daily decisions:
“I don’t intend to be the interfering ex, nothing worse. I’m cheering from the side now.”
Stokes leaves behind a powerful media legacy while embracing a new, less hands-on role.
Author's summary: Kerry Stokes, stepping down after decades in media leadership, embraces a quieter role, confident his successor will bring fresh energy to the merged media group.