Yes it is a lie. Seven were only paying (average) 140 million per year in the old contract which was widely reported for over 4 years since it was signed. So it's your position that the deal 2017- 2022 in regards to seven was NOT reported correctly at 900 million overall made up with 840 cash and 60 conta over six years.
Lets talk cash only. So it works out seven pays 140 million per year.. 140 * 6 years = 840 m Cash Contract .
So where it's widely reported that broadcaster renegotiated the current contract with a know savings over 70m cash / or 23.3m per year over the three years left. ie 2020,-21-2022 would mean Seven pays 117 m per year until the end of the contract. These figures are from numerous sources.
"Under the terms of the revised contract, the company is anticipating a saving of approximately $84 million, which is largely driven by reductions to media rights and production savings."
https://themarketherald.com.au/seven-west-media-asxswm-signs-revised-contract-with-afl-2020-06-12/
Just another story backing the Seven reduced the remaining three years of the contract by 84 Cash/rights by 70/ production 14 ( or reported elsewhere 87m overall 70 cash, 17 production HOWEVER if want to fantasist that this reduction didn't happen then thats tells me more about you that you state a falsehood with regards to reported facts. Sure Gillion ( the sniveler) was weak and put out a meaningless figure which you ready excepted However to Market, ASX he Legally reported these savings.
I just found the legal notification from Seven/AFL notice to market. So Seven has reduced the amount by 87m , ( cash 70-- production/and contra by 17m
Revised Contract and Extension with the AFL - ASX
www.asx.com.au › asxpdf › 20200611 › pdf
PDF
Jun 11, 2020 —
Seven West Media (
ASX:
SWM)
has today announced a
revised contract with ...
SWM expects to derive $87m
in net benefits over the existing ...
media rights reduction,
production savings and
other benefits. ... The
2020 AFL season will recommence tonight, Thursday,
June 11, when ... For
personal use only.
Now Mr Red show me how you get your figures