March 24, 2020 / 1:37 AM / 13 days ago

BRIEF-Seven West Media Announces Withdrawal Of FY20 Guidance

March 24 (Reuters) - Seven West Media Ltd:

* WITHDRAWAL OF FY20 GUIDANCE

* LOCAL PRODUCTIONS ARE FACING CHALLENGES WITH TRAVEL RESTRICTIONS AND COVID-19 ISSUES

* WITHDRAWS FY20 EARNINGS GUIDANCE DUE TO FALL IN AD MARKET ACTIVITY, AND SUSPENSION/POSTPONEMENT OF PRODUCTIONS AND EVENTS

* OLYMPIC POSTPONEMENTS LIKELY TO RESULT IN RIGHTS PAYMENTS BEING PUSHED BACK TO REFLECT REVISED SCHEDULING Source text for Eikon: Further company coverage:

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