Hamish McLennan

Ten returns to profit after four years

Australia’s Ten Network is back in profit for the first time in four years. The commercial channel’s parent, Ten Network Holdings, posted a half-year net profit of A$13.4 million (US$10.5 million) on revenues of A$334.2 million. This compares with a A$264.4 million loss and revenues of A$309.8 million for the same period 12 months ago. […]

Ten loses A$264m, hits out at fees

Australia’s Network Ten has slammed existing local media regulation after posting an A$264.4 million (US$209.8 million) half-year loss. Though the company declared earnings before interest, tax, depreciation and amortistion of A$7.5 million, a ‘television licence impairment’ of more than A$250 million drove the network to the big loss for the six months to February 28, […]

Ten silent on takeover talks

Network Ten’s has declined to provide an update on a potential ownership change, choosing to stay silent at its annual general meeting with shareholders. A deadline for Ten takeover bids expired recently, with the likes of Foxtel and Discovery understood to have posted offers, but Ten’s CEO and chairman Hamish McLennan told shareholders he had […]

Discovery’s Ten bid looms as Gordon rep resigns

The man who represented for Network Ten’s largest single shareholder on the broadcaster’s board has resigned. The development came as a deadline for bids for the Australian firm, which is on the block, looms large. Paul Mallam, who represented Bruce Gordon and has sat on the board for four years, unexpectedly announced his resignation via […]

Ten loses Seven programmer legal bid

Australia’s Network Ten has been dealt a blow after a judge rejected the broadcaster’s bid to stop a veteran programming exec taking a key role at rival Seven Network. Ten had offered John Stephens, who had been with Seven, a two-year contract that would block him from working for either broadcaster, but this was dismissed […]

21st Century Fox to delist in Oz

Rupert Murdoch’s 21st Century Fox is delisting shares from the Australia Stock Exchange after regulators okayed the move. The company will stop trading on the ASX on May 1, with all Class A and Class B stock then trading on the NASDAQ in the US. Murdoch (left) split his businesses in two last year, with […]

Bachelor looks for love with Oz commission

Network Ten has commissioned an Australian version of The Bachelor after licensing the format from Warner Bros. International Television Production. MasterChef producer Shine Australia will produce the primetime series, which sees a single man eliminating bachelorettes to find one to will begin a relationship with. Production will begin shortly, with the series going to air […]