if it was up to Ryan he would got rid of them a long time ago, it just Kerry still like the Seven, sentimental value rather than performance.
but Ryan made it very clear he won't throw any more money into Seven as it akin to throw good money after bad.
I think once Kerry is gone and Ryan is in control of Seven Group, channel 7 will be sold off and written off as the first order of business
Ann: FY24 Full Year Results Release, page-5
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