Network Ten has reported a 4.6 per cent television revenue increase for 2015 calendar year, with CEO Paul Anderson saying it was a “positive” result given the ad market has been “flat”.
“Television revenue increased 4.6 per cent, which was a positive result given the capital city free-to- air television advertising market was flat during that period,” he said at this morning’s AGM.
Revenue from continuing activities was also up 4.5 per cent, per the company’s presentation lodged with the Australian Securities Exchange (ASX) this morning.
And while television costs were down 5.8 per cent, the network’s EBITDA (earnings before interest, taxes, depreciation and amortisation) were at a loss of $12million. However, this was a significant improvement from the network’s EBITDA last year, which was a loss of $79.3million.
“There has been a lot written and said this year about the health of the free-to-air TV industry and the challenges it faces from new and emerging forms of entertainment,” he said.
“Television has seen a small audience decline in total this year. But before the critics write our eulogy, they should remember their media history.”
The Foxtel and MCN strategic agreement was also mentioned in the meeting, and now that the regulatory bodies have approved the arrangement, it’s full steam ahead. Anderson reportedly said the agreement was a “game-changer” in the marketplace.
Per The Australian, Anderson also noted the uncertain future of the ad market.
“Looking at the year ahead, the television advertising market remains short in terms of forward bookings — making it difficult to predict how it will perform during our 2016 financial year,” he said.
Anderson also noted a number of shows that were doing well for the network, such as I’m a Celebrity…get me out of here, The Bachelor and The Bachelorette and The Great Australian Spelling Bee, all which have pulled decent audiences for the network.
Sustainable soap brand Single Use Ain’t Sexy has been greeted with a huge influx of support after raising over half a million dollars in funding via a crowdfunding campaign. The brand has launched itself into the ‘green economy’ by calling on the Australian public to financially back them and their mission to get Aussies to […]
Queer Artist Ryan James Caruthers has publically slammed software company Unfold after it asked to use the artist’s work for free as part of its Pride Month social media campaign. Caruthers took to Instagram to show screenshots of the conversation he had with Unfold after it asked the artist to share 12 of his images […]
After relaunching in September last year, TWOOBS has become a ‘kinda’ shoe brand by also focusing on making the world a ‘kinder’ place and creating more consumer-conscious shopping. The vegan shoe brand founded by sisters Jess and Stef Dadon changed its marketing approach last year and stopped using social media to push sales the old-fashioned […]
Highly experienced tourism marketer Kelly Ryan has been appointed to lead the marketing efforts at Visit Sunshine Coast (VSC). During the past 12 years, Ryan has supported Canberra’s tourism industry in senior marketing roles, including as director of strategy and insights as well as director of marketing at VisitCanberra. Most recently, Ryan has been working […]
GHO Sydney has developed a new educational platform for Family Planning NSW to help parents and carers of children with disabilities navigate the changes to their bodies, emotions and social interactions. The project, ‘Planet Puberty’, was made possible through funding from the federal government’s Department of Social Services, and was co-designed with people with disability […]
JCDecaux today announced conservation organisation, Bush Heritage Australia, as its major charity partner for 2021. The partnership is part of a series of ‘social impact’ initiatives the business is launching this year, under the banner of JCDecauxHEART. JCDecauxHEART focuses on three areas of social impact: health and mental health, environmental sustainability, and enriching urban communities. […]
Shameless Media’s Michelle Andrews and Zara McDonald’s latest podcast, The Books That Changed My Life, will launch exclusively on LiSTNR on Tuesday, 15 June. Throughout the series Michelle and Zara will talk with guests including Kevin Kwan, Laura Henshaw, Jock Zonfrillo, Susan Carland, Hamish Blake and Delta Goodrem about the books that have had a profound impact […]
In celebration of Pride Month, cult streetwear brand Champion has announced an Australia-and New Zealand-first Pride range, Champions of Pride, and ongoing partnership with the Queer Sporting Alliance. Championing a cause, celebrating community, and aiming to create real change, the capsule collection proudly heroes the Pride colours in a selection of signature Champion tees, iconic […]
Following the successful deployment of BankiFi’s technology platform at The Co-operative Bank in the UK, BankiFi has appointed Lloyd Parata to lead their expansion into the Australian Financial Services market. BankiFi’s technology platform ensures banks remain relevant by offering SMEs an innovative solution to operate their business, whilst avoiding common challenges like late payment. Parata, […]
Mars Wrigley 5 Gum has partnered with Twitch to launch Team CLUTCH, a team of Twitch streamers who will assemble on for three live squad streams tackling popular games like Fortnite while embodying the brand’s ethos of ‘life happens in 5’. This partnership builds on 5 Gum’s 2020 Twitch activation, and is set to create […]