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TEN - Ten Network Holdings

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I see TEN have been downgraded to a Strong Sell from a broker and also have one aiming at a Buy. Mmmm I read a Eureka Report a few weeks ago saying to watch out for TEN's next full year profit report due out in Oct. They commented on WOW and TEN being good companies and they have a good chance of surprising...

Does anyone have any info on TEN?
 
BrightGreenGlow said:
I see TEN have been downgraded to a Strong Sell from a broker and also have one aiming at a Buy. Mmmm I read a Eureka Report a few weeks ago saying to watch out for TEN's next full year profit report due out in Oct. They commented on WOW and TEN being good companies and they have a good chance of surprising...

Does anyone have any info on TEN?
Click to expand...

I bought about 2 months ago and am down about 15%. Generally i would be out by now however i am waiting till October to see what happens.

If anyone has any thoughts it would be appreciated.

Cheers
 
I just added 10 to the watch list, i am liking the current price for such a big network, i thought the masterchef boom would have helped it, but saw the differing broker calls of 'buy' and 'sell', i am unsure at the moment, but do believe they present some value
 
Dropped a heap today and I think it seems undervalue. CBA and another big company just bough a few million shares last few days too. Surely they would know a good deal? I think I'll be topping up soon and hoping the Eureka Report was right :).
 
i like your logic, i think i may join you and get on board, this is quite a significant low, and does present value
 
I've been watching them too and looking for the right spot to buy (don't own any yet). I think the current negative is also wrapped up in the Comm Games troubles - obviously if Australia (or anyone else for that matter) decides not to participate, that would whack TEN quite badly. Perhaps once that situation is settled, we'll see them bottom out but it is disconcerting watching them go so significantly against the market trend these few months.
 
comm. games, very good point you make, maybe i will refrain from buying until i see Australia and the opening ceremony go ahead, if we pull out Tens ratings will be non-existent
 
Some snippers here on TEN and the Communist, I mean Commonwealth, Games

Full article at http://www.smh.com.au/business/investors-eager-for-anzs-strategy-update-20100923-15ov0.html

A punt on the Games

THE $40 million punt that Channel Ten and Foxtel took when they bought rights to the Commonwealth Games in Delhi is looking doubtful in the midst of facilities collapsing, a Dengue fever outbreak and security concerns.

....

All up, the Delhi headache could see Ten struggle to achieve analyst forecast EBIT growth of $40 million to $220 million in the 2011 financial year.

Ten shares closed at $1.34, down 6 ¢ in yesterday's trade.
Click to expand...
 
I hope they don't take ONE off air. It's the only place where you can get some diversity in sports...

EPL, NBA, even WWF or Slamball if they are to your taste.

If ONE is gone, the only alternatives are lawn bowl and netball on the ABC.
 
skc said:
I hope they don't take ONE off air. It's the only place where you can get some diversity in sports...

EPL, NBA, even WWF or Slamball if they are to your taste.

If ONE is gone, the only alternatives are lawn bowl and netball on the ABC.
Click to expand...

I was actually massively surprised about the lack of veiwership on One. I thought it would have been a lot higher, as pretty much whenever i am at someones house it is on in the background(shows my demographic i guess)
 
I always thought Telstra might take a dib at Ten. They could pick them up with small change if the ACCC didn't stick it's beak in and it would give Telstra a bit of diversity.
 
Grant Blackley gets the chop today as CEO. Ten's chairman foreshadows that Ten's first half results will not meet expectations. Lachlan Murdoch jumps in as interim CEO.

Reports of ONE's demise may have been exaggerated a few months ago, but there's no doubt that the influence of Packer and Murdoch have been seen on that channel - lot less sport and more movies being broadcast.

George Negus will be looking nervously over his shoulder (or not - perhaps if they give him the boot, he'll get a fat wedge of moolah as severance pay).
 
I suppose this is the downside of too many channels, it is hard to get traction and stop viewers surfing. Suppose you have take a direction with each channel and then make sure the content holds the audience. Therein lies the problem, high costs for content too much competition and too small a population leads to losses. T.V is not the only retailer that will find it tough this year.:eek:
 
for the info of ex-dividend strategy players 5.43 % yield which is going ex-dividend on 9-nov-2011
 
While we wait, however, Ten faces a perfect storm of cost and revenue pressures. Its advertisers will be looking for a reduction in the network's rate card (the base advertising rates they pay for 30-second commercial slots). Those negotiations are to begin soon and Ten, with a diminished audience, is not entering with a firm footing.

The second issue, which threatens to eat more significantly into its bottom line, is an impending negotiation with regional broadcaster Southern Cross Austereo over how much it pays to retransmit Ten's programming on regional channels. The existing 10-year agreement expires next year.

The prevailing feeling in the industry is that Ten's management has made several major strategic blunders in the past 18 months, notably a bad play for NRL rights at the expense of AFL, the net result of which is that Ten is now without a major sport in its schedule.

They were also unsuccessful in bidding for The Voice - a logical acquisition given Ten's history with Australian Idol - and allowed another network to revive one of Ten's iconic shows, Big Brother. The NRL, The Voice and Big Brother all now belong to Nine, and it is perhaps no surprise that Nine's fortunes have been resurgent while Ten's have declined. In that sense, television ratings are a zero-sum game: every failure is the price paid for someone else's victory.

Less clear is the way forward. Sacking a programmer does little but create market unease. History notes, for example, that neither Channel Seven nor Nine sacked its programmers when programming woes gnawed into ratings. The result is that a nine-month recovery could now take up to two or three years.

Ten is also suffering an identity crisis. Its strategy of targeting a younger demographic than its commercial rivals made sense when there were only five channels but no longer works in a multichannel environment, where Nine's GO!, Ten's own Eleven and pay TV channels such as Arena and Fox8 compete for the same viewers. In response it decided to grow up, but that strategy was arrested by a change of management and since then Ten has been plagued by stunning inconsistency.

The message Ten is trying to send the market is that it is focused on an under-50 audience, but recent recruitments - a 52-year-old host for Breakfast and a 52-year-old right-wing commentator for a Sunday-morning panel show - do not deliver on that promise.

Ten's strategy for the rest of the year is to ''fast-track'' US content, including some of the best US programs on Australian television, such as Homeland, The Good Wife and Modern Family. Beyond that, nothing is clear, although Ten has historically taken the lead over Seven and Nine in launching its schedule to the market.

Ten's annual ''upfront'' (the term the US TV industry uses for the annual events where networks unveil their schedules, which Ten has co-opted in recent years) will be pivotal to the network's future.

When Ten first launched, on Saturday August 1, 1964, it was born into a world where television had the freedom to take risks, and for most of Ten's life, risk-taking has been its calling card. Shows such as Number 96, The Mike Walsh Show, Prisoner, Big Brother and The 7PM Project were bold gambles. Ten was the first network to invest in a 45-minute news service in the 1960s and the first to back blue-chip mini-series such as The Dismissal, Bodyline and Bangkok Hilton.

More recently, Ten embarked on an ambitious plan to take its news and current affairs upmarket. The new management halted that plan, fearful it would damage the network in the long-term. In hindsight, more likely the act of constantly trying to reposition the network in the market has made a greater contribution to dislocating Ten from its core audience.

These days, commercial networks are flanked by the double threat of falling revenue and debt management, which makes them naturally risk-averse. Even Nine, with its ratings bonanza this year, still has a financial knife at its throat.

Ten's world came crashing down in 1990 when a similar perfect storm sent the network hurtling into receivership. When it emerged it was reborn as ''the entertainment network'', with a renewed focus and a clear strategy. Within a handful of years it was the envy of its rivals.

If that teaches us anything, it is that from the darkest moments can come renewal. Ten is down, but it is not yet out.

Ten's Strategy For Recovery
■ Fast-tracking US content, including Homeland, Glee, Modern Family, NCIS, Hawaii Five-O,The Good Wife, New Girl, NCIS: Los Angeles and Law & Order: SVU. Ten has not yet announced airdates or how soon it will air episodes after the US.
■ Appointing a new programmer, most likely Beverley McGarvey, who is contracted to Ten. There has been persistent speculation that either Foxtel's director of television, Brian Walsh, or Channel Seven breakfast producer Adam Boland were candidates for the gig.
■ Resolving its breakfast strategy, either by revamping Breakfast to deliver on its unfulfilled promise of providing an alternative to Channel Nine and Seven's offerings, or simply axing the program altogether.
■ The eagerly awaited Julian Assange telemovie, Underground: The Julian Assange Story, starring Rachel Griffiths and Anthony LaPaglia. It screened at the Montreal Film Festival to rave reviews.
■ Reef Doctors, a new Australian drama starring Lisa McCune as a doctor based in remote northern Australia. Ten had planned to air it this year but has delayed it until early 2013.
■ Elementary, a new series that updates the Sherlock Holmes detective stories by Sir Arthur Conan Doyle to the present day. Starring Jonny Lee Miller as Holmes and Lucy Liu as Watson, it launches in the US on September 27.
■ The New Normal, a new series from Glee creator Ryan Murphy about a gay couple who embark on creating a family with a surrogate mother. It launched in the US on September 11.
■ Ben and Kate, a new series about a brother and sister who are opposites: he's a dreamer and she is a single mother trying to make ends meet. The series stars Dakota Johnson and Nat Faxon. It launches in the US on September 25.
■ Vegas, a new series starring Dennis Quaid and Michael Chiklis and set in Las Vegas in the 1960s. Quaid plays the sheriff and Chiklis is a Chicago mobster who moves to the city. It launches in the US on September 25.

http://www.smh.com.au/entertainment...-to-the-remnants-of-youth-20120914-25vmk.html
 

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