Business
Warburton tries to save Seven with one hand tied behind his back – Sydney Morning Herald
The COVID-19 pandemic has been both a blessing and a curse for Kerry Stokes’ media empire and CEO James Warburton still has his work cut out.
He came into the job with a brief to cut a swathe through the companys debt, take out a chunk of its costs and lift ratings and improve the networks share of revenue. Doing these things simultaneously is a tall order and he is executing it with one hand tied behind his back.
Warburton has managed to raise $150 million from asset sales. It is a decent start and he has nominated some additional assets to hit the chopping block. This injection helped bring debt down from $564 million in June 2019 …
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