Ten’s TV revenue falls 12% amid ‘tough trading conditions’
Network Ten’s half-year financial results give CEO James Warburton little to be pleased about, with TV revenue down 12%.
Out of home revenue from Ten’s Eye Corp subsidiary fell by 7% for the half year to February, while EBITDA for the group dropped from $106m to $64m.
Warburton said in a statement:
*cough*Renovators*cough*
Is Warburton genuinly serious? Last night the Project had a strong night by it’s standards, pulling in 422,000 across the 5 City-Metro.
How is that remotely pleasing for a peak program?
It only just pipped Postman Pat on ABC 2
Well done Ch10…
On the strentgth of these numbers, can’t wait to see how new incoming Ch 10 PR supremo Neil “yes, leave my byline on EVERY story in my section” Shoebridge spins the network’s results in future to the media!
Wow both Ch10 and Fairfax reporting such big slumps in the same Mumbrella daily? Time for suits to start selling space to their clients on RayWilliamJohnson Youtube channel instead.