Seven West swings to FY loss

Media group writes off almost $310m on magazine mastheads and investment in Yahoo!7

Seven West Media (SWM) has swung to a full-year loss of $69.7 million after taking impairments of almost $310 million on its magazine mastheads and Yahoo7!.  

The group sank to a net loss of $69.7 million for the year to June from a net profit of $226 million in the prior year, double what analysts were forecasting at $34.3 million.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles