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Ten Network warns on profit outlook

James Thomson
James ThomsonColumnist
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Ten Networks has downgraded its earnings outlook for the first half due to the weak advertising market and increased costs.

After telling shareholders in December that the company's television revenue had increased by 1.9 per cent in the first quarter of the 2017 financial year, Ten said on Thursday that revenue will only grow 1.2 per cent across the six months to February 28.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/business/media-and-marketing/advertising/ten-network-warns-on-profit-outlook-20170215-gue2kk