Chief executive Jeff Howard flags decline in advertising revenues and increase in debt for embattled media conglomerateFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastSeven West Media’s full-year profits plummeted 69% to $45m in what the chief executive, Jeff Howard, conceded was “a tough year” for the conglomerate.Reflecting a decline in advertising revenue across the media industry, Seven’s group revenue dipped 5% to $1.4bn on the previous full year as net debt climbed to $301m. Continue reading…
Source link : https://www.theguardian.com/media/article/2024/aug/14/channel-seven-full-financial-year-profits-decline-ntwnfb
Author : Amanda Meade Media correspondent
Publish date : 2024-08-14 02:07:41
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‘Tough year’: Seven’s profits plunge 69% amid allegations of toxic work culture
