Business
Seven West Media wins debt reprieve, but at a price – Sydney Morning Herald
The Kerry Stokes-controlled business has renegotiated a deal with its banks giving the debt-ridden company much-needed financial certainty.
Seven chief executive James Warburton said the company now had more financial certainty and could progress with plans to change its business structure.
We would like to thank our lenders for working with us to amend our facilities, for their continued confidence in our business and transformation strategy, he said.
Seven is one of a number of media companies that have been put under severe financial pressure because of the pandemic. A weak economy and low consumer sentiment have spooked advert…
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