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Ten chief vows to stop slide
[April 12, 2012]

Ten chief vows to stop slide

Apr 12, 2012 (The Australian - ABIX via COMTEX) -- Ten Network CEO James Warburton predicts improved ratings from new shows will turn the fortunes of the TV network around. Ten suffered a sharp 70.1% drop in 2011-12 first-half net profit to $A14.8m. Ten's revenue for the half-year to February 2012 fell 10.6% to $A432.8m and operating profit plunged 39.7% to $A63.9m. Warburton says it will take time for the full benefits of a cost cutting program to be realised.

Publication Date: 13 April 2012 TEN NETWORK HOLDINGS LIMITED - ASX TEN CONSOLIDATED MEDIA HOLDINGS LIMITED - ASX CMJ CBS CORPORATION BLOOMBERG AUSTRALIA BBY LIMITED CITIGROUP PTY LTD NINE NETWORK AUSTRALIA LIMITED NINE ENTERTAINMENT COMPANY PTY LTD DEUTSCHE BANK AG

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