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[January 31, 2013]
Ten ad revenue takes a dive
Jan 31, 2013 (The Australian Financial Review - ABIX via COMTEX) -- Ten Network's advertising revenue fell by 23.3% in the six months to December 2012, to $A329m. Ten made a third of its news division's staff redundant in 2012 amid poor ratings. Rivals Seven and Nine have also been cutting costs. Nine's revenue rose by 5.2% and Seven's revenue rose by 1.7% to reach a 38.14% and 40.29% share of the market respectively during the period.
Publication Date: 1 February 2013 TEN NETWORK HOLDINGS LIMITED - ASX TEN FREE TV AUSTRALIA LIMITED NINE NETWORK AUSTRALIA LIMITED NINE ENTERTAINMENT COMPANY PTY LTD SEVEN WEST MEDIA LIMITED - ASX SWM SEVEN NETWORK LIMITED PERPETUAL LIMITED - ASX PPT FAIRFAX MEDIA LIMITED - ASX FXJ NEWS LIMITED NEWS CORPORATION - ASX NWS APN NEWS AND MEDIA LIMITED - ASX APN CITIGROUP PTY LTD
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