ASX


Australia’s Ten slumps on rising costs, gloomy profit forecast

Australian Ten Network’s share price fell almost 10% as the free-to-air broadcaster said annual revenues will decrease and that costs are rising. Ten issued fresh financial guidance for the year ahead and told investors that its TV revenues will decrease between 3.5% and 4.5% in the 2014 financial year, which runs to end-August. It also […]