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The Guardian - AU
The Guardian - AU
Business
Catie McLeod and Jonathan Barrett

‘Bit of Clive money’: Seven West banks on election ad revenue as profits sink

Seven West Clive Palmer Jeff Howard Mining Seven West Media
Channel Seven
Channel Seven owner Seven West Media has revealed falling revenue and profit in its mid-year financial results. Photograph: AAP

Seven West Media is hoping to profit from the federal election and is expecting mining magnate Clive Palmer to buy more advertising space after releasing dour financial results weighed down by falling revenue streams.

The Kerry Stokes-backed publishing and broadcasting company’s profits fell by two-thirds to $18m for the six months to 31 December compared with the same period the previous year.

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