Investors cheer media losses

Seven West and Fairfax Media both reported losses. Investors bid up both companies

A tale of two losses it may well be, but both Seven West (SWM) and Fairfax Media (FXJ) have found favour on a day of brittle investor confidence.

Traditional media is facing a bleak future as new technology drains audiences and leaches revenue from businesses that once captured the attention of investors and the power elite.

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