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Reading: Ten Chief Warns Of Free-To-Air’s Future
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B&T > Media > Ten Chief Warns Of Free-To-Air’s Future
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Ten Chief Warns Of Free-To-Air’s Future

Staff Writers
Published on: 20th October 2016 at 11:56 AM
Staff Writers
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Ten CEO Paul Anderson has warned local TV broadcasters and producers face a “very uncertain future” unless the price of licence fees is significantly reduced.

Anderson said increased competition from untaxed and unregulated players is bringing major challenges for local TV providers, after Ten revealed a $135.2 million write-down on the value of its TV licence in its full-year results announcement today.

Paul Anderson
Pictured: Ten CEO Paul Anderson

“In order to continue investing billions in a strong Australian voice on screen, this sector urgently needs a significant reduction in television licence fees,” he said.

“Ongoing regulatory uncertainty is already stifling decision making, particularly around domestic content investments.

Anderson noted that Aussie commercial free-to-air TV networks pay more than any other free-to-air broadcasters in the world (3.375 per cent of gross revenue) at a time when fierce competition from online players continues unchecked by any licence fee, local content or corporate tax obligations.

“As we prepare to appear before yet another Senate committee hearing on the media ownership legislation next week, we are calling on the Parliament to take these reforms seriously and remove pre-internet era rules that are threatening diversity by making Australian media companies less competitive,” he said.

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Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

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