Australia's Ten Network swings to full year loss
SYDNEY Oct 18 (Reuters) - Ten Network Holdings reported a full year net loss of A$12.9 million ($13.4 million) on Thursday, compared with a profit of A$14.2 million a year ago.
Revenue at Australia's third-ranked TV network slumped 13.7 percent to A$861.8 million for the year ended August 31.
Ten said it would not pay out a dividend this year.
The broadcaster revealed on Wednesday that a deal to sell its outdoor advertising business Eye Corp for up to A$145 million to a company controlled by CHAMP Private Equity had collapsed. ($1 = 0.9644 Australian dollars) (Reporting By Jane Wardell; Editing by Richard Pullin)
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