Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 19 : 15-Feb-23

Seven West Media has posted a 2022-23 interim net profit of $114.9m, which is 4.6 per cent lower than previously. Revenue was down 0.5 per cent at $814.6m and EBITDA was 4.8 per cent lower at $205m. CEO James Warburton says the nine interest rate rises since May 2022 have had a significant impact on the advertising market, which he expects to decline to "mid to high single digits" in the second half. Meanwhile, Seven will seek cost savings of $15m to $20m, although Warburton has ruled out job cuts. Seven has cited "prevailing market conditions" for its decision to withhold paying a dividend again.

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SEVEN WEST MEDIA LIMITED – ASX SWM