News

Ten CEO Grant Blackley, terminated

The chairman of Ten Nework Holdings Limited Brian Long announced the board has given notice to Grant Blackley of the immediate termination of his contract as the Chief Executive Officer of the Company.

“I would like to thank Grant Blackley for his contribution to the Company over some 20 years. The Board would also like to thank Lachlan Murdoch for agreeing to accept an interim role at the Board’s request,” said Long.

Murdoch will act as CEO until a permanent executive is appointed.

The board also announced preliminary information associated with the forecast financial results for the half year period to 28 February 2011. The group’s earnings (before interest, tax, depreciation and amortisation) will be “approximately $103m.

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