Seven West Media Limited (ASX: SWM) held its Annual General Meeting (AGM) today. At the AGM, the company highlighted that:
- Its Seven Network grew to a 39% revenue share in Q1 FY20;
- The market remains short and difficult to predict but the company expect further softness in the second quarter;
- The Forecasting the metropolitan television market to be around single digits for the financial year;
- The Seven West Media expect to be at the lower end of its FY20 underlying EBIT guidance of between $190 million to $200 million including the impact of AASB 16.