Seven West Media Limited
(ASX:SWM) has downgraded its earnings outlook for the group expected to be in the range of $460-$470 million.
The media group has blamed a weak advertising market in all segments of the media including television, newspapers and print.
Seven West says it is committed to keep costs to below inflation, except for the continuing investment in television programming.
In the first half of the 2012 financial year, Seven West generated a net profit of $163 million.
