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Ten Network Holdings Ltd (TEN.AX)

TEN.AX on Australia Stock Exchange

28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Ten Network says HY revenue fell 2.5 pct
Wednesday, 26 Apr 2017 07:41pm EDT 

April 27 (Reuters) - Ten Network Holdings Ltd :hy revenue from continuing operations $ 339.735 million versus $348.5 million a year ago.in december 2013 group established a $200m revolving cash advance facility.H1 loss for period attributable to members $232.191 million versus profit of $13.375 million a year ago.group is currently seeking to secure an amended or new borrowing facility with extended maturity and expanded size.size of new facility to be requested by group has potential to be approximately $250m.there is a material uncertainty that may cast significant doubt on group's ability to continue as a going concern.it may be unable to realise its assets and discharge its liabilities in normal course of business..there are ongoing discussions with shareholder guarantors and their advisors to consider necessary financing for group.transformation program is board approved and well developed with material revenue and cost saving opportunities being identified.discussions have commenced with a view to renegotiating material programming contracts.company expects challenging advertising revenue market conditions to continue.."absent any relief in television licence fees, this will result in an underlying ebitda loss for full 2017 finanical year of between $25m and $30m.".  Full Article

Ten Network says signed regional television affiliation agreement with Win Network
Sunday, 22 May 2016 07:22pm EDT 

Ten Network Holdings Ltd : Had signed a new regional television affiliation agreement with win network .Agreement to broadcast ten's premium content and channels across regional Australia.  Full Article

Southern Cross Media says co and Ten Network signed affiliation agreement
Thursday, 19 May 2016 07:48pm EDT 

Southern Cross Media Group Ltd : Ten and Southern Cross Media program deal for northern NSW . Ten Network and Southern Cross Media today announced that they have signed a new affiliation agreement . Agreement for the supply of Ten programming to sca for its northern NSW television licence area. . New agreement is for a term of five years from 1 July 2016 at an increased licence fee .  Full Article

Ten Network Holdings Limited announces board and senior management changes
Sunday, 26 Jul 2015 07:55pm EDT 

Ten Network Holdings Limited:Says executive chairman and chief executive officer Hamish Mclennan has stepped down from both roles.Says non-executive director david Gordon has been appointed chairman effective today.Says paul Anderson has been appointed chief executive officer.Ten will undertake a selection process for a new chief financial officer.  Full Article

Ten Network Holdings Ltd announces strategic arrangements with Foxtel and proposed capital raisings
Sunday, 14 Jun 2015 07:04pm EDT 

Ten Network Holdings Ltd:Says that it had entered into binding agreements with Foxtel Management Pty Limited, as agent for the Foxtel Partnership, and Multi Channel Network Pty Ltd (MCN).Says advertising sales joint venture between Foxtel and Fox Sports, to give effect to a series of transaction.Says TEN has appointed Multi Channel Network as sales representative to gain scale, create efficiencies, improve data capabilities and provide broader integration opportunities for advertisers.Says TEN proposed to become a 24.99 pct. shareholder in Multi Channel Network.Says TEN proposed to have an option for 2 years to become a 10 pct. shareholder in online streaming service Presto.Says proposed issue of new shares to Foxtel to raise up to $77 million at $0.15 per share.Says proposed renounceable entitlement offer to TEN shareholders to raise up to a further $77 million at the same price as the issue of shares to Foxtel.Says new capital of up to $154 million in total to reduce debt and provide additional financial flexibility to continue TEN's recent strong ratings momentum.  Full Article

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