Paramount Australia & New Zealand

Andrew Lancaster And Andrew Robb Join TEN Board.

The Board of Ten Network Holdings Limited (ASX: TEN) (“TEN” or “the Company”) today announced the appointments of Andrew Lancaster and Andrew Robb as Non-Executive Directors of the Company, effective immediately.

Mr Lancaster’s appointment follows the retirement today of Brian Long from the Board.

Mr Long has been a Director of the Company since July 2010. He has served as Chairman from 2011 to 2012 and Deputy Chairman from 2012.

Mr Lancaster joins the TEN Board as the nominee of Bruce Gordon, through his company, Birketu Pty Limited, which is the Company’s largest and one of its longest-standing shareholders.

Mr Robb’s appointment follows the retirement today of John Klepec from the Board. Mr Klepec had been an Alternate Director and then a Director of the Company (as the nominee for Hanrine Investments, one of the Company’s substantial shareholders) since October 2013.

Mr Robb joins the TEN Board as the new nominee of Hanrine Investments.

Ten has increased it’s share of metropolitan television advertising revenue to 25.2%, up from a low of 20.1% in 2014. Ten has taken share from Nine which is down to 35.6% from 39.2% in 2014, while Seven had 39.2% down from 40.4% over the same period. Ten said their increased audiences this year and joint sales with MCN had contributed to the increase. The three networks have dropped $113 million in revenue since 2014, with Victoria the hardest hit this year.

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###Debbie Goodin Joins TEN Board.

The Board of Ten Network Holdings Limited (ASX: TEN) (“TEN” or “the Company”) today announced the appointment of Debbie Goodin as a Non-Executive Director of the Company, effective immediately. Ms Goodin has also been appointed as Chair of TEN’s Audit and Risk Committee.

Ms Goodin’s appointment follows the retirement of Paul Gleeson from the Board, effective today.

Mr Gleeson had been a Director of TEN since February 1998 and was a former Chairman of the Company’s Audit and Risk Committee and a former member of the Nomination and Remuneration Committees.

Mr Gordon said the retirement of Mr Gleeson and the appointment of Ms Goodin marked the final stage in the restructuring of the Company’s Board that was foreshadowed in June 2015.

Since then, the Board of TEN has been reduced in size to six directors, comprising two independent Directors (including Mr Gordon) and four representatives of major shareholders.

Mr Gordon said: “I am very pleased to welcome Debbie to the Board as an independent Director and as Chair of TEN’s Audit and Risk Committee.

“Debbie’s experience across several business sectors will be a significant asset to both the Board and the Company.”

Ms Goodin has more than 20 years’ senior management experience with professional services firms, government authorities and ASX-listed companies across a broad range of industries and service areas.

Her executive experience in finance, operations, corporate strategy and mergers and acquisitions included service as Chief Operating Officer for an Australian and New Zealand subsidiary of Downer EDI Limited, and as Acting Chief Financial Officer and Head of Mergers and Acquisitions, and then Global Head of Operations, at Coffey International Limited, where she led geosciences, project management and international development businesses.

Ten Network Holdings Limited (ASX: TEN) will announce its results for the 12 months to 31 August 2016 on Thursday, 20 October 2016.

Couldn’t find the most appropriate thread to post this in & haven’t seen this mentioned yet, but I was in Sydney over the weekend and noticed TEN have finally updated the signage around the Pyrmont studios. These pictures found on Instagram:

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I’m honestly surprised it’s taken this long for Ten to update the logo on the building at Pyrmont when the blue/white version has been used on air for about three years now! :open_mouth:

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Yeah it was replaced about 3 months ago

I wouldn’t be surprised if Ten in Melbourne still has the gold and blue version from the 1990s or 2000s on its high rise at Como.

Can’t say I blame them though. The tweaks to the logo are relatively minor and the cost to replace would be huge… and at the end of the day nobody apart from us would even notice.

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Brisbane finally updated their rather simple sign at the front of the Mt Coot-tha studios with the refreshed TEN logo at the beginning of the year, only about a year after they replaced the billboard at the front to include Lachlan Kennedy when he joined Georgina on the desk.

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Still did when I last went past there a month or so ago

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##ten Network Holdings’ Full Year 2016 Financial Results.

Strategy Delivering Improved Performance: TV Revenue Up 7.5%, Positive TV EBITDA.

Ten Network Holdings Limited (ASX: TEN) (“TEN”, “the Company”) today announced its results for the 12 months to 31 August 2016. The results included:

  • Television EBITDA of $4.5 million (2015: loss $12.0 million)
  • Television revenue of $676.4 million (2015: $629.3 million), up 7.5%
  • Revenue market share of 24.0%, an increase of 2.2 share points (2015: 21.8%)
  • Commercial audience share in 25 to 54s of 29.5%; best result since 2012
  • Television costs (ex-selling costs) increase of 5.1%, versus guidance of 5.5%
  • Net significant expense items of $125.3 million, including television licence impairment charge of $135.2 million
  • Net loss for the period attributable to members of $156.8 million (2015: net loss
  • $312.2 million)

Key achievements during the 12 months include strong advertising revenue and revenue share growth; continued growth in television and online audiences; the return to positive earnings before interest, tax, depreciation and amortisation; and the successful implementation of the strategic arrangement with Multi Channel Network Pty Ltd (“MCN”).

In particular, the MCN arrangement has been very successful, with buy-in from an advertising market that is looking for scale, efficiency and technology-led solutions.

During the period, TEN also completed the issuance of new ordinary shares to Foxtel Management Pty Limited as agent for the Foxtel Partnership (“Foxtel”); completed a fully underwritten accelerated pro-rata renounceable entitlement offer of new ordinary shares; became a 24.99% shareholder in MCN; and established new program supply agreements with WIN Network and Southern Cross Media.

TEN Chief Executive Officer, Paul Anderson, said: “The past year has been a period of considerable change and steady progress at TEN.

“Our strategy of investing in prime time content and new distribution channels, coupled with the innovative and market-leading arrangement with MCN, is producing sound results.

“TEN and MCN have driven revenue growth despite soft conditions in advertising markets, with the Company’s revenue growth tracking well ahead of the market and revenue share in line with our expectations,” he said.

“Our content strategy is working, with TEN increasing its audiences on television and across online and social media platforms. We continue to invest in differentiated content in a disciplined manner and we now have a domestic content schedule across the entire year, bookended by the KFC Big Bash League.”

The 7.5% increase in TEN’s television revenue during the 12 months to 31 August 2016 was achieved in a capital city free-to-air television advertising market that declined 2.9% during the period. The increase included growth of 19.6% from TEN’s industry-leading online catch- up and streaming service, Tenplay.

Mr Anderson said the arrangement with MCN had been an outstanding success since it started on 1 September 2015 and would continue to evolve.

“In July this year, TEN achieved its 17th consecutive month of year-on-year revenue and revenue share growth.

“The arrangement with MCN has delivered clear benefits in terms of scale, audience reach and innovation in terms of integration opportunities for our clients, together with access to a more sophisticated and dynamic trading system,” he said.

“The improved revenue performance has been underpinned by our improved audience performance, with TEN continuing to attract new viewers across all platforms.”

TEN is the only primary free-to-air television channel to have increased its prime time audience so far in calendar 2016. That increase has been driven by key content such as MasterChef Australia, KFC Big Bash League, I’m A Celebrity… Get Me Out Of Here!, The Project, Have You Been Paying Attention?, The Bachelor Australia, Offspring, Australian Survivor, Family Feud, The Living Room, The Bachelorette Australia and Gogglebox.

The success of TEN’s “TV Everywhere” strategy was highlighted by the strong growth of tenplay, which achieved a 32% increase in unique video visitors and a 23% increase in video segment views during the 2016 financial year. The number of tenplay app downloads increased 24% during the period, to 2.77 million.

New Affiliation Agreements

In May 2016, TEN announced new, five-year affiliation agreements with WIN Network and Southern Cross Media for the supply of programming to their regional markets.

were received under TEN’s previous regional program supply agreements.

“The new agreements took effect on 1 July 2016. Since then, the audiences for TEN’s programming has increased in regional Australia.”

Significant Items and Debt

The company reported predominantly non-cash net significant expense items of $125.3 million, including a television licence impairment charge of $135.2 million and a net gain of
$23.1 million on the sale of the Out-of-Home business.

TEN’s net debt at 31 August 2016 was $53.5 million, reduced from $131.5 million at 31 August 2015 following the issuance of new ordinary shares to Foxtel and the completion of the entitlement offer.

TEN Chief Financial Officer, Dave Boorman, said: “The capital raising and Foxtel issuance, combined with the improvement in the results, have put the company in a position to further invest in prime time content to continue TEN’s audience and revenue growth.”

Costs and Cost Guidance

Television costs (ex-selling costs) increased by 5.1% during the 12 months to 31 August 2016, due to investment in new prime time domestic content.

The increase was below the revised guidance of a 5.5% increase, given in April 2016, and less than the original guidance for 2016 of a 6.5% increase given in October 2015.

Television costs (ex-selling costs) are expected to increase by mid-single digits in the 2017 financial year. TEN currently has a project underway to review all costs across the Company with the aim of minimising this increase.

Mr Anderson said: “Strict cost control that has been a hallmark of TEN in recent years will continue with various initiatives to reduce the total cost base a key plank in achieving earnings growth in the ever-changing world of broadcast television.

“At the same time, we will continue to invest in our content and distribution channels to maintain our revenue and audience momentum.

“We have clearly demonstrated that disciplined and strategic investments in prime time content are necessary to continue to improve our performance,” he said.

Television Licence Fee Reduction and Media Ownership Reform

For 60 years, commercial free-to-air broadcasters have employed tens of thousands of Australians directly and indirectly and delivered thousands of hours of iconic and high- quality local programming across Australia – for free.

Mr Anderson said: “Without our continued investment, Australian audiences will lose free access to Australian content and the local production sector will face a very uncertain future.

“Increased competition from untaxed and unregulated providers is bringing major challenges. In order to continue investing billions in a strong Australian voice on screen, this sector urgently needs a significant reduction in television licence fees.

“Ongoing regulatory uncertainty is already stifling decision making, particularly around domestic content investments,” he said.

“At 3.375% of gross revenue, Australian commercial free-to-air television networks pay more than any other free-to-air broadcasters in the world at a time when fierce competition from online players continues unchecked by any licence fee, local content or corporate tax obligations.

“As we prepare to appear before yet another Senate committee hearing on the media ownership legislation next week, we are calling on the Parliament to take these reforms seriously and remove pre-internet era rules that are threatening diversity by making Australian media companies less competitive,” Mr Anderson said.

Final Dividend - No final dividend will be paid.

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This is worrying. More bloody cost cutting.

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That’s a terrible idea IMO!

Whether or not you like Seven/Nine (and I definitely don’t agree with a lot of the things both networks do), you do have to admit that both networks have very strong news and sports departments as well as a commitment to the cities they broadcast in with various community initiatives (sponsorship of major events, annual telethons in some markets, etc.). Unfortunately the same can’t really be said about Ten at the moment, although I do think that they need to remain strongly committed to news, sport and the communities of their broadcast licence areas if Ten want to remain a serious player in the commercial TV ratings race in 2017 and beyond.

Viewers are always better served with more news services rather than less.

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http://www.msn.com/en-au/money/company-news/the-losses-continue-at-the-ten-network-as-the-value-of-its-tv-licence-falls/ar-AAj9WNx?li=AAgfYrC&ocid=mailsignout

Share price down 20% today

if anything they should be ramping up their news output. With American shows not performing like they used to, or being made available via other sources, Ten (as well as 7 and 9) need to offer something that the Netflixes can’t offer which is localism, which lies pretty much with news and sport, and more investment in other Australian programming.

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I just read what they’re paying the CEO and that Beverley Mcgarvey… how can these two command in excess of seven figures and churn out the shit programming decisions and such low output of content? It’s a disgrace.

###Network Ten Perth Moves To High-Tech Station.

State Of The Art Office In Subiaco.

From Monday 5 December, Network Ten’s Perth station will commence operations from its brand new, state-of-the-art property in Perth’s thriving suburb of Subiaco, leaving its current site at Cottonwood Crescent, Dianella, after 28 years.

The move is an integral part of Network Ten’s commitment to deliver the highest standard in television broadcasting through high-tech television stations that are industry-leading in the digital era.

Network Ten General Manager Adelaide, Perth and Operations, Frank Filosi, said: “Our innovative new purpose-built office, newsroom and operating systems will truly transform the way we work.

“The long-term investment in this cutting edge work place demonstrates Network Ten’s commitment to the Perth market and leading the digital transformation of the television industry.

“The modern station is ideally located in the exciting new property development Subi XO precinct, 502 Hay Street, Subiaco, close to Perth’s CBD. We couldn’t have found a better location and we are excited to call Subiaco our home for many years to come,” he said.

TEN Eyewitness News First At Five Perth will broadcast from the new Subiaco station from Monday 5 December.

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The building looks very nice

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