Seven West Media
(ASX:SWM) has slid to a $1.9 billion loss for the full year to June 30, on the back of a number of major write-downs.
The Kerry Stokes owned television giant reported a $149 million profit last year.
The company has warned of another difficult year ahead and says it’s launching a strategic review into its operations.
Newspaper revenue fell 10 per cent and magazine earnings remained virtually unchanged at $20 million.
Seven West Media will pay a final dividend of 4 cents fully franked.