Seven West Media CEO James Warburton says concerns about the strength of the Australian advertising market are “overblown” as the media group said it would embark on a share buyback program.
Net profit fell 33.6 per cent to $211.1 million in the year ended June 30 from $318.1 million a year ago, the company that owns TV station Channel 7 and The West Australian newspaper told the ASX.
Loading...
Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
