Ten, get with the programming

Full-year loss notwithstanding, Ten Network’s growing audience and reduced debt leave it stronger going into 2014. But it will take an exceptional programming hit to catch up to its rivals.

No one was anticipating any surprises from Ten Network’s full-year earnings announcement yesterday, and as expected chief executive Hamish McLennan presented to the market a series of numbers that could be described as consistently neither bad nor good.

 

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