TEN 0.00% 16.0¢ ten network holdings limited

big brother 4 (ten, tms)

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    According to this morning's AFR, TEN has first and last rights to Series 4 of Big Brother, and that TEN intends renewing Big Brother for a further year, with the paperwork on this currently being done.

    Depending upon final pricing (commented, to be $26m), the outcome will be neutral /+ for TEN, + for Southern Star Endemol, and + (and earnings accretive) for TMS. More importantly for TEN, they will be able to hold onto control of the 16-39 demographic whilst keeping SEV locked out of the equation.
 
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