Seven West Media Ltd

SWM: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$9.80	Fcw	Dvhqw

TV Broadcasters Double Down on Costs as Revenue Continues to Fall

Brian Han

Nov 9, 2023

Advertising conditions in TV remain subdued, with September-quarter 2023 total market revenue down 8% year on year. Broadcast video on demand, or BVOD, revenue was up around 13%. But it was not enough to offset the 12% fall in metropolitan free-to-air advertising market, with regional likely not much better. Faced with this top-line headwind, TV operators are zeroing in on expenses.

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