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Seven West Media swings to profit, reverses writedown of TV licence – Sydney Morning Herald

Seven West Media has swung to a net profit of $318 million on the back of a better-than-expected advertising market.

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Kerry Stokes-controlled Seven West Media has swung to a net profit of $318 million after a better-than-expected advertising market allowed it to reverse impairments on the Tokyo 2020 Olympics and its television licence.
The company reported underlying earnings…

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