Chris Pash

The earnings downgrade is “disappointing” but a temporary event.

Down almost 10%.

In question are 3.2 million Seven West Media shares.

A weak July and August, but a positive outlook for the fourth quarter.

An aggregation service called Knewz.com.

Xavier just returned to Australia after three years in the US.

News media publishers now reach 15.5 million Australians.

"Advertising in regional Australia faltered in the second half of the 2019 financial year."

A full year loss of $34.3 million after booking $41 million in non-cash write-downs.

Reducing the portfolio by 20 businesses through closure, mergers and sales.

And more growth expected in the second half.

"Widespread panic probably isn’t warranted."

Analysts have cut growth forecasts and are advising clients to be underweight most of traditional media.

The company expects earnings per share to fall 5% to 10% for the full year.

“We believe the market will flatten out ... move back into growth in October and beyond."