Ten shares slump after failed fund raising efforts

The value of Ten Network shares saw a dramatic drop this morning within the first few minutes of the stock exchange opening.  

It follows the company’s unsuccessful bid to raise capital earlier this week.

When Ten shares were suspended on Monday, they were worth 93c. Early in this morning’s trading they had falling to 73c – a drop of more than 20%. The latest available ASX price can be viewed here.

The Australian’s take on this can be seen here and the SMH’s here.


Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.



Sign up to our free daily update to get the latest in media and marketing.