Mr Worner said Seven West had gained strong audience and revenue growth for its own digital products in the past 18 months. The broadcaster has been growing its digital capabilities including launching an expanded online catchup and streaming service, 7Plus, in Mr Worner said Seven West was leaving Yahoo7 "in great shape, with an audience of around nine million and a strong future ahead of it".
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Seven West shares were 0. Oath houses a number of digital brands including Huffington Post, which operates in Australia, while Yahoo7 has news, sport, finance, lifestyle and entertainment sites and a digital advertising business.
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He is revamping the business in line with the mobile, video and native advertising strategy of its 50 per cent owner, US tech giant Yahoo! CEO Ed Harrison is revamping the business in line with the mobile, video and native advertising strategy of its 50 per cent owner, Yahoo!
The news follows Seven West Media's write-down last month of the carrying value of its own 50 per cent stake in Yahoo! Sources close to Seven West Media - which owns Australia's top-rated free-to-air television network, Pacific Magazines and West Australian Newspapers - denied industry rumours of tensions with its fellow shareholder, Yahoo!
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Despite the cutbacks Yahoo! According to Standard Media Index, Yahoo! The retrenchments follow the exit of several senior staff from Yahoo!
There have also been significant recent departures from the senior editorial ranks, including head of editorial, Anne Markey and editor-in-chief Michael Wade who leaves in April and head of news and sport Cameron Roberts, who resigned earlier in the year. According to Seven West Media's results, Yahoo!
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