Nov 12 (Reuters) - Seven West Media Ltd SWM.AX :
* TARGETING $30 TO $50 MILLION IN FURTHER COST OUT INITIATIVES IN FY21
* NOT IN A POSITION TO GUIDE ON FY21 EARNINGS
* EXPECT FY21 OPERATING COSTS, EXCLUDING DEPRECIATION AND AMORTISATION IN THE RANGE OF $1.03 AND $1.05 BILLION