Business
Seven West Media announces $162m loss amid Covid revenue slump – The Guardian
The media giant has been given an extra seven months by banks to pay back $450m in borrowings
Banks have given the loss-making Seven West Media empire controlled by Perth billionaire Kerry Stokes an extra seven months to pay back $450m in borrowings as the group battles an advertising slump triggered by the coronavirus crisis.
As Seven West on Tuesday declared a loss after tax of $162m, its second loss in as many years, chief executive James Warburton pledged to turn the company around by both selling off assets, including the studio that produces soapie Home & Away, and revitalisin…
-
General19 hours agoTaylor Swift breaks Adele’s record for most album sales in first week
-
Noosa News23 hours agoPublic health alert for nitazenes issued after person dies in Queensland
-
Noosa News21 hours agoNoosa Open Studios 2025 Art Trail kicks off today
-
Business22 hours agoWhat’s Macquarie’s price target on Mineral Resources shares?