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Seven West Media: Earnings cut in half as COVID-19 impacts advertising revenue – NEWS.com.au
Seven West Media: Earnings cut in half as COVID-19 impacts advertising revenue
Seven West Medias earnings have been slashed in half as the ongoing coronavirus pandemic wreaks havoc on the industrys ability to generate revenue from advertising.The major commercial media group backed by Kerry Stokes flagged Australia’s advertising market had been severely impacted from the economic downturn sparked by COVID-19, with conditions remaining highly volatile and unpredictable for the first quarter of the current financial year.
For the financial year ending June 30, the company’s…
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