In light of yesterday's result and given the current advert...

In light of yesterday's result and given the current advert market i reckon ten's effort was 'numero uno'
to briefly summarize hear are few items i found most interesting:
excluding non recurring items profit was $31.4m compared to $17.8m

revenue continuing growing @ double digit in 1st qtr
of current fin yr

full yr revunes were $667.1m but excluding one off
revenues $105.8m this increased 19.4 per cent

tv advertising was up 16 per cent AGAINST METRO TV ADVERT MKT DECLINING 5 PER CENT and both ten ebitda and ten holdings ebitda was up 12 per cent to $173m and $172m respectively

operating costs only rose 4.5 per cent
programming was flat except for new coverage of the
afl and small cost for bb2

ratings in all demographics increased

whilst no dividend was declared given the non recrring items impact on the net result the company has declared that a interim dividend is expected about
feb or march 2003 and would now move to a int and fnl div policy instead of previous fnl div when they first came to mkt some 4 yrs back

final qtr tv revs up 28 per cent to aug 02

tv abitda margin 29.2 per cent industry best !!

ten's programmes rated their heads off and were most
popular with the 16 - 39 age bracket but the co has attracted viewers in other age brackets with new
programmes and leveraging of bb2 ,afl and imported product

ten signed exclusive network deal with parmount from
2004 and as a reminder owns canadian izzy aper's canwest global communications corp

ten also settled a dispute with the ATO giving an entitlement to receive a total of 52m to 30/06/04 by way debenture interest tax deductions of which $17m relates to this last fin yr

renewal negotiations later this yr put ten in graet place as they are the only networked to have lifted ratings in all demographics

focus on costs by writing down eye corp,switching to more popular programmes eg afl,cancellation of executive options all to help give value to stakeholders

snr executives will now have to go on mkt to buy shares in ten holdings provided they meet performance targets and they will be fully expensed

ten's success has come about because of it's scheduling and depth of programmes that cover the broad cross section of ozzie viewers

all ten's 16-39 shows are returning in 03 12 of which ave 40per cent mkt share

big brother has been an absolute hit from day one and also subject to much media attention

obtaining the afl in particular the fnls was a bonus and removal of the melb cup carnival which runs for only 4 days of yr shows a committment to cost cutting and putting on programmes that appeal to a wide cross section thereby increasing ratings and tv advert rev

ten now covers afl,motorsport and golf

what ozzie wouldn't watch one of these?

ten has afl fnl for the next 4 yrs

5pm new gets 50 per cent audience share

in 2003 we will see new programmes and movies plus playout of will be centralised from sydney to help reduce costs

net bank debt is $400m as at aug 2002

the co is in favour of changes to cross media and foreign o/ship laws and has been against a foxtel and optus merger