Seven parent plunges with A$1.9bn loss
Seven West Media has posted a massive loss of A$1.89 billion (US$1.34 billion) in its 2015 full-year results. Despite SWM’s commercial channel, Network Seven, leading the Australian free TV ratings for the ninth year in a row, various impairments relating to TV licences saw earnings plunge into the red. Excluding these ‘significant items’ that totaled […]