Kerry Stokes's Seven West Media reported a $1.89 billion full-year loss after writing down the value of its television licenses by $929 million, following more than $1 billion in write-downs in the first half.

Excluding write-downs, underlying profit fell 11.5 per cent to $209.1 million as revenue dipped 4.7 per cent to $1.77 billion. Analysts had forecast a profit of $208 million. The net loss compares with a $149.2 million profit in financial 2014. The final dividend, payable on October 9, is 4¢, down from 6¢ last year.