Ten Network Holdings
Encyclopedia
Ten Network Holdings Limited, is one of Australia
's major media companies. It is headquartered in Melbourne
, Australia
.
, (through his private for Consolidated Press Holdings) bought 17.88% of shares in Ten Network Holdings.
Speculation surrounds the future of the Packer investment as upcoming changes to sport broadcast regulation and Ten's low share price in a slowly resurgent market are seen as possible drivers for the current stake.
On 23 February 2011, the board of Ten Network Holdings terminated the contract of CEO Grant Blackley. Lachlan Murdoch
, who like Packer held a stake in TNH (9 per cent) and had a seat on the board, was appointed acting CEO.
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
's major media companies. It is headquartered in Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.
Assets
While originally focusing on running a television network, Ten has recently diversified into a range of other media areas over the past decade. Below are some of the businesses it has run, or is involved with:- Network TenNetwork TenNetwork Ten , is one of Australia's three major commercial television networks. Owned-and-operated stations can be found in Sydney, Melbourne, Brisbane, Adelaide and Perth, while affiliates extend the network to cover most of the country...
- ATV MelbourneMelbourneMelbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
- TEN SydneySydneySydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
- TVQTVQTVQ is the Brisbane television station of Network Ten in Australia.TVQ may also refer to:* TVQ Kyushu Broadcasting, a television station in Fukuoka, Japan...
BrisbaneBrisbaneBrisbane is the capital and most populous city in the Australian state of Queensland and the third most populous city in Australia. Brisbane's metropolitan area has a population of over 2 million, and the South East Queensland urban conurbation, centred around Brisbane, encompasses a population of... - ADS AdelaideAdelaideAdelaide is the capital city of South Australia and the fifth-largest city in Australia. Adelaide has an estimated population of more than 1.2 million...
- NEW PerthPerth, Western AustraliaPerth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....
- ATV Melbourne
- ONE HD
- ELEVENEleven (TV channel)Eleven is an Australian free-to-air standard definition digital television channel, which was launched by ElevenCo, on 11 January 2011.-Joint venture:...
- Eye Corp Pty Limited
- Outdoor Plus Pty Limited
- Media Choice LLC
- Ultimate Media Group Pty Limited
CanWest Sale
On 24 September 2009, CanWest announced that it was selling its 50.1% stake in Ten Network Holdings for A$680 million dollars, in order to pay down its significant debt, although it was not enough to save the former parent, which went out of business the next year.James Packer share purchase
During October 2010, James PackerJames Packer
James Douglas Packer is an Australian businessman.Packer is the son of the late media mogul Kerry Packer and grandson of Frank Packer. He inherited the family company, Consolidated Press Holdings Limited, which controls investments in Crown Limited, Consolidated Media Holdings and other companies...
, (through his private for Consolidated Press Holdings) bought 17.88% of shares in Ten Network Holdings.
Speculation surrounds the future of the Packer investment as upcoming changes to sport broadcast regulation and Ten's low share price in a slowly resurgent market are seen as possible drivers for the current stake.
On 23 February 2011, the board of Ten Network Holdings terminated the contract of CEO Grant Blackley. Lachlan Murdoch
Lachlan Murdoch
Lachlan Keith Murdoch is the eldest son of Australian-American media mogul Rupert Murdoch and his second wife Anna Torv. He resigned from his executive positions at News Corporation on 29 July 2005...
, who like Packer held a stake in TNH (9 per cent) and had a seat on the board, was appointed acting CEO.