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Network Ten profits fall 70 per cent,
[Fri 13/04/2012 10:29:58]
By Amanda Diaz
Ten Network Holdings has posted a 70 per cent fall in half year profit, with the network reporting a drop of $15 million year-on-year for the six months leading to the 29th of February.
Revenue in that period was down 11 per cent to $431 million.
Ten's shareholders, who have already seen stock fall 45 per cent in the last year, will not be seeing a dividend.
The network attributes revenue loss to difficult advertising market and predicts 2012 will continue to be a difficult year due to the impact of the Olympics (which will be broadcast on Nine and Foxtel) and the historical ratings trend.
Earlier this year, Deutsche Bank analysts raised concerns about Ten's ratings performance, observing that despite the introduction of a new program schedule, the average ratings share was 25 per cent, with new shows losing momentum week by week.
High hopes are held for the upcoming series of Masterchef, which has traditionally been Ten's highest rating program. New shows including Puberty Blues, Being Lara Bingle and The Shire are also hoping to boost viewing figures.
Posted by Forgotten Australian Family.13/04/2012 12:58:20 PM
What do expect with the rubish they televise some of thier shows are appalling they need a total revamp for top to bottom
Posted by mick.13/04/2012 03:00:34 PM
Perhaps if they actually managed to broadcast some content and not just adverts people might start watching the service. Frankly I simply cannot watch free to air TV in Australia there are too many adverts, it's nothing short of ridiculous.
Posted by Giles.13/04/2012 03:09:52 PM
Channel Ten could lead the way with a point of difference -- broadcast shows on time (an 8.30 show actually starts at 8.30); end on time so those of us with PVRs don't lose the ending; play series all the way through (rather than pushing them later and later at night then abandoning the series altogether); and do something new with ads. Maybe the British idea of one big ad break in the middle; anything, really, to get around the seemingly endless breaks for ads. Go Ten! We want to support you!
