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Oct 13, 2017

Will Seven West Media’s $30m dividend next week be its last?

Seven’s shares hit a record low of 63c last Friday and closed at 64c last night -- -- even as the broader sharemarket hit a three-month high. Things do not look good, write Glenn Dyer and Stephen Mayne.

Debt-laden Seven West Media, 41% owned by Kerry Stokes Seven Group Holdings, is under growing pressure to raise fresh capital and cut costs in order to avoid repeating the disasters that unfolded at rival Ten Network Holdings.

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  1. tinytintanker@gmail.com

    Very much appreciated. Great article. Info like this prompts me to subscribe.