Recall that the components on row [itex]\mu[/itex], column [itex]\nu[/itex] of the matrices
[tex]\Lambda, \Lambda^T, \eta, \eta^{-1}, \omega[/tex]
are written as
[tex]\Lambda^\mu{}_\nu, \Lambda^\nu{}_\mu, \eta_{\mu\nu}, \eta^{\mu\nu}, \omega^\mu{}_\nu[/tex]
and that [itex]\eta^{-1}[/itex] and [itex]\eta[/itex] and used to raise and lower indices. The components of [itex]\Lambda^{-1}[/itex] are
[tex](\Lambda^{-1})^\mu{}_\nu=(\eta^{-1}\Lambda^T\eta)^\mu{}_\nu=\eta^{\mu\rho}\Lambda^\sigma{}_\rho\eta_{\sigma\nu}=\Lambda_\nu{}^\mu[/tex].
Let's use all of the above to evaluate the first term on the right-hand side of (2.4.7).
[tex](\Lambda\omega\Lambda^{-1})_{\mu\nu}=\eta_{\mu\rho}(\Lambda\omega\Lambda^{-1})^\rho{}_\nu =\eta_{\mu\rho}\Lambda^\rho{}_\sigma\omega^\sigma{}_\lambda(\Lambda^{-1})^\lambda{}_\nu =\Lambda_{\mu\sigma}\omega^\sigma{}_\lambda\Lambda_\nu{}^\lambda=\Lambda_{\mu\rho}\delta^\rho_\kappa\omega^\kappa{}_\lambda\Lambda_\nu{}^\lambda[/tex]
[tex]=\Lambda_{\mu\rho}\eta^{\rho\tau}\eta_{\tau\kappa}\omega^\kappa{}_\lambda\Lambda_\nu{}^\lambda =\Lambda_\mu{}^\tau\omega_{\tau\lambda}\Lambda_\nu{}^\lambda[/tex]