‘Tough year’: Seven’s profits plunge 69% amid allegations of toxic work culture

Chief executive Jeff Howard flags decline in advertising revenues and increase in debt for embattled media conglomerate

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Seven West Media's full-year profits plummeted 69% to $45m in what the chief executive, Jeff Howard, conceded was a tough year" for the conglomerate.

Reflecting a decline in advertising revenue across the media industry, Seven's group revenue dipped 5% to $1.4bn on the previous full year as net debt climbed to $301m.