Jul 18, 2017

Harrison crushed, but Seven survives — for now

Seven has avoided updating the market while the case has been before the court, but now there are questions about its future now the Harrison scandal has ended, write Glenn Dyer and Emily Watkins.

While Amber Harrison will look to how she will pick up the pieces of her life after yesterday's court ruling against her, Seven West Media will go back to fighting another battle -- how to survive in an industry increasingly difficult to navigate.

When Harrison first appeared in the media with her claims about her affair with Seven CEO Tim Worner last December, Seven's shares were trading around 78 to 82 cents. Yesterday when Seven's crushing judgment was confirmed by the NSW Supreme Court, they ended at 79.5 cents. But they had risen more than 14% from their most recent low a month ago of 69.5 cents. 

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