Ten Network Holdings
Ten Network Holdings (ASX:TEN) have announced a New CEO. The incoming CEO will be its fifth CEO in 2 years.
- Former CEO James Warburton was sacked last week.
- Incoming Chief Executive Officer Hamish McLennan personally invested 3.13 million shares in the business or $1 million.
- Ten had a net loss of $4.2 million for the 2012 financial year.
Australian broadcaster, Ten Network Holdings (ASX:TEN), have reported a collapse of 90.5 percent in their full year profit. The public company reported that its net profit fell to $14.2 million in the 12 months to August 31st from $150 last year. However, revenue increased by one percent to $1 billion, with television revenue increasing by 2.2 percent to $851.1 million.
Read up on the dividend history for TEN NETWORK HOLDINGS LIMITED. Dividends are a payment declared by a company's board of directors and given to its shareholders from the company's current or retained earnings. Dividends are usually released as cash (cash dividend). Dividends provide an incentive to own shares in the company. Companies are not required to pay dividends. You are eligible to receive TEN dividends if you own the TEN NETWORK HOLDINGS LIMITED shares on the ex-dividend date.
Australia based media company Ten network Holdings (TEN), has recently declared that it has managed to secure the rights of broadcasting the National Basketball League (NBL) for the next five years. The declaration is being considered as another example of increasing competition in the media sector involving pay-TV, free-to-air TV and internet industry.
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