SWM 9.09% 18.0¢ seven west media limited

This Is The Problem, page-2

  1. 10,840 Posts.
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    10 is different as it was leveraging off CBS and its debt pile got out of hand without any liquid assets. CBS had no option but to take 10 offline to recover money.
    seven has liquid assets and not leveraging off big media companies like CBS so situation is different... its to do with banks.. impairments have hurt cashflows but won't happen again this coming half. need to sell assets in a hurry though.
 
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