Anonymous
Years ago
Ten profit down 90% since change to ONE HD
http://www.theage.com.au/business/ten-network-profit-plunges-905-per-cent-20111027-1mktj.html
Massive costs for a restructure. In the short term they need to see an increase in revenue that will be sufficient to make up the shortfall from this year compared to last, and to build upon the profit they were already getting.
Seems with results like this the exclusive sports channel route may have been more profitable. Little Murdoch and Packer again stuffing something up.
It seems to me getting Ten is more about turning it's news programs into right wing mouth pieces for the owners (Rinehart's favourite Bolt report) rather than profit.
And meanwhile the NBL misses out at 11pm at night.....