Seven Network puts Brisbane broadcast hub up for sale
Seven is selling its Mount Coot-tha facility, a 3.85-hectare site it has owned since 1959 and still uses for flagship news.
Seven Network has listed its Mount Coot-tha broadcasting complex for sale, marking the second major broadcast facility to hit the market in recent weeks. The 3.85-hectare property includes studios, offices, broadcast towers and a helipad.
Nine listed its Queensland broadcast studios in early September. Southern Cross Media, the company formed from a merger of Seven West Media and Southern Cross Austereo earlier this year, says the sale is part of a long-term strategic review.
A spokesperson said the process focuses on positioning the business for sustainable growth. The site was listed by real estate agency Savills with offers due by November 12.
Both broadcaster properties are located in Brisbane, separated by about 500 metres of council-owned bushland.
- 3.85 hectares
- Property size
- 1959
- Owned since
- November 12
- Offers deadline
- About 500 metres
- Distance from Nine's site
Why it mattersThe sales signal major media companies reshaping their physical footprint, possibly retreating from costly broadcast infrastructure as digital streaming reshapes the industry.
AustraliaAustralian viewers rely on these Brisbane facilities for TV news and content production; the sales may affect where local news is made, though Seven says it will continue broadcasting from the site.
Corroborated bytheage.com.au·watoday.com.au
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