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Business Description: Ten Network Holdings Limited (TEN) invests in The Ten Group Pty Limited and controlled entities which operates multi-channel commercial television licences in Sydney, Melbourne, Brisbane, Adelaide and Perth, and EYE Group which operates Out-of-Home advertising.
Strategy Analysis: TENs strategy is to balance its ability to generate high returns by keeping costs low and investing in new programming to increase revenues. TEN is focused at appealing to the younger age group viewers. This targeted approach has enabled TEN to deliver the highest industry margin. Margins have recently been diluted as TEN invests in a bigger inventory of content to increase its revenue share of the market.
Ten Network Holdings reported NPAT down 90.5% to $14.18m for the year ended 31 August 2011. Revenues from ordinary activities were $1.0bn, up 1% from last year. Diluted EPS was 1.36 cents compared to 14.35 cents last year. Net operating cash flow was $6.31m compared to $7.83m last year. The final dividend declared was 6 cents and the special dividend was 5 cents, taking the full year dividend to 11 cents compared with nil last year.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...