STRONG FIRST QUARTER 2008 RESULTS FOR AUSTRALIA’S TEN TV NETWORK
December 11th 2007 23:34
Ten Network Holdings Ltd today reported strong first quarter 2008 results. Group revenue rose 11 percent on the prior corresponding period, while group EBITDA was 14 per cent higher at $122.5 million, delivering a 38 percent operating margin.
Revenue from the company's television business, Network Ten, was up 11 percent in the period, ahead of the 10 percent forecast management provided in October.
Based on that performance, management remains confident Ten’s share of the metropolitan TV advertising market in the six months to December 2007 will be ahead of the 30.3 percent share it achieved in the prior corresponding period.
- From MediaBlab via Dow Jones' Factiva
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