Ten Network reports Q1 decreases

WINNIPEG – Canwest Global Communications, which owns approximately 57% of Ten Network Holdings, announced that the Australian company saw decreases in revenue and EBITDA in their first quarter of fiscal 2009. Ten reported consolidated revenues and EBITDA of A$292.3 million and A$91.6 million, respectively. This compared to consolidated revenues of A$327.0 and consolidated EBITDA of A$122.5 million reported in the corresponding period in fiscal 2008. Specifically, revenue from the Ten television network division was A$244.8 million, which is 12% lower than the same time last year, while revenue from Eye, the multi-national out-of-home advertising business, was broadly in line with...