SWM seven west media limited
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News: SWM Seven West Media Signs Agreements With Google, Facebook

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    03/05/21
    11:05
    Post #: 52890530

    May 3 (Reuters) - Seven West Media Ltd (SWM) :

    • SWM SIGNS GOOGLE AND FB AGREEMENTS - FY21 TRADING UPDATE
    • FINALISED ITS PARTNERSHIP WITH GOOGLE
    • SIGNED A LONG-FORM AGREEMENT WITH FACEBOOK
    • FINALISED PARTNERSHIP WITH GOOGLE AND HAS ALSO SIGNED A LONG-FORM AGREEMENT WITH FACEBOOK
    • AGREEMENT WITH GOOGLE IS FIVE YEARS AND AGREEMENT WITH FACEBOOK IS THREE YEARS
    • ANTICIPATES DIGITAL REVENUE ASSOCIATED WITH AGREEMENTS WILL COMMENCE BEFORE END OF FY21
    • Q3 ADVERTISING REVENUE GREW AT UPPER END OF 7-10% RANGE
    • NET DEBT FORECAST TO BE ABOUT $270 MILLION TO $280 MILLION BY END OF FY21
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