I have taken a decent position for this for a number of reasons...

I have taken a decent position for this for a number of reasons including very ow PE, very high Divi, the fact that Seven own 11% and will gobbled it up once regulations permit, the fact that regional advertising is more insulated and the olympics and election will be good revenue boosters.

there is also a large screen buyer accumulating at 35c

at these levels I think it is very deeply discounted and a TO could see a final price in the 55-65 range