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May 26, 2014

Why cutting jobs won’t save Ten

Ten can't keep going on like this - impairment tests and a big loan repayment due in a few years mean it needs a stunning turnaround to survive, writes Glenn Dyer.

The embattled Ten Network has been cutting jobs to try to staunch the bleeding as revenues slump, but it won’t be enough to save the network. With the same collection of duds and moderate performers in the schedule, Ten faces months of continuing revenue pressures. It needs hit programs to arrest the slide in audience numbers and reassure investors and advertisers that it is still in business.

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