Seven’s record low shares. Happy New Year, Kerry Stokes — 2018 has started as 2017 ended with your media assets still making you poorer. That big story from 2017 for Stokes — the price of Seven West Media shares — has made an early appearance in 2018; specifically, why have they fallen more than 12% in the past month?

Seven West shares ended at a record low on Thursday, down 3.6% at 56.5 cents, losing 8 cents or 12.4% since their most recent peak of 64.5 cents on December 22.

Nothing has happened or been reported by Seven West. The annual tennis fest is on the Seven Network, rating OK — not brilliant, but OK. Seven has the Winter Olympics next month from South Korea that will now grab (or should grab) more viewers because South and North Korea are co-operating, marching together and taking some of the tensions out of the region, for the moment.

The 2018 ratings battle kicks off from January 29 (official ratings will start a week later). It looks very much like 2017, which was very much like 2016. — Glenn Dyer

Greste takes up uni role. Journalist Peter Greste has taken up a new role teaching at the University of Queensland. Greste, who was jailed in Egypt when he was working with Al Jazeera, said in a tweet he’d be “teaching, but also engaged with research and advocacy on the importance of a free press. And hopefully keeping my hand in with a bit of journalism as well”.

Why are we just learning about Stormy Daniels? The story of porn star Stormy Daniels’ alleged affair with US president Donald Trump has only just started making headlines in the past week or so. But at least a handful of journalists knew about the affair before the 2016 election. The Washington Post has spoken to some of the journalists and editors who were following the story without getting it published:

Why wasn’t the story reported at the time, when it might have intensified questions surrounding Trump’s character just before voters went to the polls? Journalists say they held back because they couldn’t independently corroborate key elements of Daniels’ account, including in one instance from Daniels herself. The story, in other words, failed to rise to journalistic standards, never mind that it involved a man who regularly attacks the news media for lacking standards.

Front page of the day.

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Peter Fray
Peter Fray
Editor-in-chief of Crikey
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