Seven West Media's Profit Plummets: What's Behind the Slump?
2025-02-10
NewsWire
Seven West Media has reported a significant decline in profits, with CEO Jeff Howard citing a soft TV advertising market as a major factor. Despite this, popular shows such as My Kitchen Rules, Home and Away, and The Front Bar continue to perform well. The media company's financial results, released on Tuesday, highlight the challenges facing the industry. With a focus on digital media and online advertising, Seven West Media is looking to bounce back from this slump. Key areas of growth include online streaming and social media marketing, which are becoming increasingly important for media companies. The company's financial performance is a reflection of the current media landscape, with TV advertising revenue under pressure.