Stokes family regains control of Seven Network after $13m loss

Ryan Stokes was appointed chairman of Southern Cross Media, owner of Seven Network, as the company posted a $13.1 million loss.

Why it mattersSeven Network is Australia's most-watched broadcaster; leadership changes and company finances shape the health of Australian media and advertising markets.

AustraliaSeven Network is Australia's largest TV network; Stokes family control and Southern Cross's financial performance affect media competition and local news production.

Corroborated bysmh.com.au

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Sydney and Melbourne luxury homes slide past 10 per cent from peak

Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.

Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.