Radio / Television News

Olympics draw advertisers away from Canwest’s TEN


WINNIPEG – Canwest Global’s Ten Network Holdings suffered through the effects of the Summer Olympics and a soft economy in the fourth quarter, the company announced Wednesday. The division owns and operates the TEN Television Network in Australia and EYE, a multi-national out-of-home advertising business. Canwest owns approximately 56% of Ten Holdings. For the fiscal year ended August 31 2008 Ten Holdings reported consolidated revenues of A$1 billion and consolidated EBITDA of A$215.0 million, in line with what was previously indicated in the third quarter. These annual fiscal results represent an increase in consolidated revenues of 1% and a decrease...