Original article by Max Mason
The Australian Financial Review – Page: 21 : 21-Oct-16
Ten Network has posted a 2015-16 loss of $A156.8m, compared with a $A312.2m loss previously. The latest result was primarily due to a $A135.2m write-down in the value of its TV licence. Ten’s revenue of $A689.5m was 5.4 per cent higher than previously. CEO Paul Anderson argues that subscription video-on-demand providers should be subject to the same rules as traditional broadcasters, noting that the latter make a significant contribution to the economy.
CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, MULTI CHANNEL NETWORK PTY LTD