TEN 0.00% 16.0¢ ten network holdings limited

Solid performance

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    Ten reveals Secret of Big Brother is $112m
    July 18, 2002

    The Ten Group (TEN) have reported an increase of more than $4 million dollars in earnings before interest and tax for its third quarter to $112.2 million, up from $106.8 million in the comparable period last year.

    Mr Nick Falloon, executive chairman of TEN said the results came on the back of a 24.8% rise in television advertising revenue and a 24.3% jump in television earnings to 24.7 million before interest and taxation.

    Mr Falloon said the results reflected outstanding sales performance by TEN, particularly given the softness of the advertising market.

    “The continued surge in TEN’s ratings across all demographics and especially with younger viewers is clearly delivering the Network substantial gains in revenue share.”

    “This ratings performance is sustainable with our strongest ever second half program line-up and all our most popular shows back on TEN in 2003.”

    TEN broadcasts such shows as The Secret Life of Us, Rove Live, Neighbours and is soon to air a continuation of the Big Brother series, Celebrity Big Brother.

    Ten's programming strategy has shifted to a greater focus on developing Australian content, which will reduce its reliance on international programming.

    Part of the group's strategy is to maintain the growth of its core 16-39 demographic, with TEN reporting it maintained its “number one” position in the 16-39 demographic with a 39.3% share, up 15.2% from last year.

    At 1020 AEST Ten Group was trading 3c stronger at $2.20
 
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