Paul Anderson

Commercial TV licence fees abolished in Oz

Australia’s commercial broadcasters have welcomed a government plan to abolish the television licence fees they currently pay. As of the 2017/18 Australian fiscal year, channels such as Network Seven, Nine and Ten will no longer pay commercial TV licence and datacasting fees, but instead pay a spectrum-based charge. This will reduce their payments from around […]

Ten faces fight for future after A$232m loss

Australia’s third largest TV channel, Network Ten, has warned its future is in danger after recording a huge half-year loss. The company share price continued to fall – it is down 60% in a year – after it posted a first-half loss of A$232 million (US$173.3 million), mainly relating to licence fee writedowns. The broadcaster’s directors […]

Ten lashes out at licence fees

Australian commercial broadcaster Network Ten has issued a profit warning to shareholders, claiming licence fees are threatening the local production sector. In a trading market issued to the Australian Securities Exchange today, Ten revealed it was expecting an earnings before interest, tax, depreciation and amortisation (EBDITA) loss of up to A$5 million (US$3.85 million) for […]

Network Ten GM Lou Barrett exiting

Louise Barrett will leave Network Ten in June having only been promoted to her current role at the broadcaster last September. Barrett, a former Network Nine exec, is executive general manager, Sydney, for the Australian broadcaster. She was upped last year, having initially joined Ten in 2013 as chief sales officer. Barrett said she is […]

Aussie pubcasters get budget boost

Australian public broadcasters the ABC and SBS have avoided further budget cuts. The organisations feared they would be subject to more funding cuts as part of the Australian government’s latest budget statement, but the ABC will in fact receive A$3.1 billion (US$2.3 billion), while SBS will get A$814 million. This means they will receive around […]

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. […]

Foxtel CEO joins Ten board

Foxtel CEO and managing director Richard Freudenstein has joined the board of Australian commercial channel Ten Network as a non-executive director. This comes after News Corp-backed Foxtel bought into Ten Network Holdings, which was at the time cash-strapped following a period of poor ratings, earlier this year. Freudenstein’s appointment is effective today, and comes as […]

Ten CEO exits in reshuffle

Australia’s Network Ten has appointed a new CEO after the resignation of current incumbent Hamish McLennan. Current Ten CFO and COO Paul Anderson is the broadcaster’s new chief executive, with non-executive director David Gordon becoming chairman after McLennan also relinquished his executive chairman post. Gordon has been a Ten director since 2010, and is credited […]