Full Breakdown
Seven Network Lists Mount Coot-tha Broadcast Site for Sale
By Drooid · · How we work
Sale of Seven Network's Mount Coot-tha Broadcasting Site
The Seven Network has placed its Mount Coot-tha transmission facility on the market. The property, located on Sir Samuel Griffith Drive, has been owned by Seven since 1959 and remains the home of the network’s flagship news program. The listing follows a similar move by rival Nine, which put its own studios up for sale a little more than a month earlier.
Background and Recent Market Activity
Both Seven and Nine have been reassessing their real-estate portfolios amid broader shifts in the Australian television industry. Southern Cross Media, the parent company formed earlier this year through the merger of Southern Cross Austereo and Seven West Media, is overseeing the sale. The decision reflects a strategic review of long-term operational needs rather than an immediate financial distress.
Official Statement from Southern Cross Media
A spokesperson for Southern Cross Media told Savills Brisbane that the transaction is part of a wider re-evaluation of the company’s long-term requirements. While the financial terms of the deal remain confidential, the spokesperson emphasized that the process is intended to position the business for sustainable growth in the future.
Potential Implications for Queensland Broadcasting
The divestiture could reshape the landscape of broadcast infrastructure in Queensland. If the site is acquired by a new owner, it may affect the technical arrangements for Seven’s news transmission and could open opportunities for other media entities to lease or purchase transmission capacity. Industry observers note that the move signals a broader trend of broadcasters consolidating assets to adapt to changing viewer habits and the rise of digital platforms.