Last A$0.22 AUD
Change Today -0.005 / -2.27%
Volume 1.2M
TEN On Other Exchanges
Symbol
Exchange
Frankfurt
As of 10:10 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

ten network holdings ltd (TEN) Snapshot

Open
A$0.22
Previous Close
A$0.22
Day High
A$0.22
Day Low
A$0.21
52 Week High
01/29/14 - A$0.38
52 Week Low
10/15/14 - A$0.18
Market Cap
583.3M
Average Volume 10 Days
4.1M
EPS TTM
A$-0.06
Shares Outstanding
2.7B
EX-Date
06/28/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TEN NETWORK HOLDINGS LTD (TEN)

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ten network holdings ltd (TEN) Details

Ten Network Holdings Limited, through its subsidiaries, engages in the operation of multi-channel commercial television licenses in Sydney, Melbourne, Brisbane, Adelaide, and Perth. It operates through two segments, Television and Out-of-Home. The company operates television channels, such as TEN for viewers aged 25-54, which features news bulletins, current affairs, live sports, international dramas, comedies, and entertainment shows; ELEVEN that provides a mix of Australian and international content for viewers aged 13-29, including serial drama and international shows and drama; and ONE, an entertainment channel for men aged 25 and older, which features scripted and reality programming, as well as local and international sports. It broadcasts TEN in standard definition digital and analogue; ONE in high definition digital; and ELEVEN in standard definition digital. The company also operates tenplay, a digital platform that provides access to company’s content; Spree TV, a datacasting channel that showcases products and offers related to home improvement, lifestyle, cooking, fitness, and health products; and Beamly, a second-screen television application. In addition, it is involved in out-of-home advertising in the United States; and online business. Ten Network Holdings Limited is based in Pyrmont, Australia.

902 Employees
Last Reported Date: 10/15/14

ten network holdings ltd (TEN) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: A$2.0M
Chief Financial Officer and Chief Operating O...
Total Annual Compensation: A$820.3K
Chief Programming Officer
Total Annual Compensation: A$582.1K
Company Secretary
Total Annual Compensation: A$84.5K
Compensation as of Fiscal Year 2014.

ten network holdings ltd (TEN) Key Developments

Ten Network Received Bid Approach From Many Companies

Ten Network Holdings Limited (ASX:TEN) has received proposals from many companies. Ten Network said it has received buyout approaches from a number of parties. Ten Network stated that the Citigroup, which it hired last month to help decide its future ownership, received non-binding, conditional proposals from a number of parties in relation to transactions which, could result in a change of control of Ten". Ten said, "It urges caution in dealing in its shares on the basis of media speculation about potential transactions involving the company". Ten shares went up by 6% at AUD 0.24.

Discovery and FOXTEL Prepares Joint Bid For Ten

Discovery Communications, Inc. (NasdaqGS:DISC.A) and FOXTEL Cable Television Pty Limited are preparing a joint takeover offer for Ten Network Holdings Limited (ASX:TEN) (Ten) on December 2, 2014. Bid of Discovery and FOXTEL will not be fully binding, and is expected to be between AUD 0.25 and AUD 0.3 per share. Discovery and Foxtel remain the frontrunners in the auction for Ten, although whether any bid is successful will depend on the view of its independent Directors on the price offered. Bruce Gordon, largest shareholder in Ten signs that he is supportive of Foxtel taking a stake. Under the proposed deal, Foxtel would hold 14.9% with Discovery taking a majority stake. Ten's Independent Directors will meet to discuss bids received by deadline of December 2, 2014, and then seek shareholders’ approval in Ten's annual meeting on December 18, 2014. Several other bidders including Saban Capital Group, Inc., Anchorage Capital Group, L.L.C., Providence Equity Partners LLC, and Hellman & Friedman LLC are interested in Ten, however Hellman & Friedman is understood to have pulled out of the process. Citi has been retained as advisor by Ten.

Ten Network Holdings Limited Announces Resignation of Paul Mallam as Director

The Board of Ten Network Holdings Limited announced that Mr. Paul Mallam had tendered his resignation as a Director of TEN effective as of 29 November 2014.

 

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TEN

Industry Average

Valuation TEN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x
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