Original article by Darren Davidson
The Australian – Page: 19 : 3-Aug-16

Shares in Seven West Media and Nine Entertainment Company fell sharply on 2 August 2016, after the former issued a profit warning. Seven has advised that its underlying EBIT for 2016-17 will be 15-20 per cent lower than previously, citing factors such as a slowdown in the advertising market and the rising cost of sports broadcasting rights. Meanwhile, Seven has booked a net profit of $184.3m for the year to 25 June 2016, following a loss of $A1.89bn in 2014-15.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, 7PRODUCTIONS, 7WONDER, 7BEYOND, AUSTRALIAN FOOTBALL LEAGUE