June 14, 2017 / 2:21 AM / 2 months ago

BRIEF-Ten Network enters voluntary administration

June 14 (Reuters) - Ten Network Holdings Ltd:

* Ten Group enters voluntary administration

* Announces that Mark Korda, Jennifer Nettleton and Jarrod Villani of Korda Mentha appointed as voluntary administrators

* Identified initiatives that are expected to have a positive impact on earnings in order of at least $50 million in FY18

* Identified initiatives also expected to have a potentially more than $80 million per annum positive impact by FY19​

* Reduction in licence costs for ten in FY17 will be in order of $22 million and, in FY18, $12 million​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below