Ten Network Holdings widens H1 loss

Company News

Ten Network Holdings (ASX:TEN) has widened its net loss in the first half of the 2015 financial year after suffering restructuring costs and an impairment charge.
 
The media company booked an interim net loss of $264.4 million it the six months to the end of February, increasing more than 3,000 per cent from the year before. 
 
Looking ahead the company says the television market remains short in terms of forward bookings and is difficult to predict. 
 
The results come over the same period Ten has been the subject of takeover speculation and the company has again confirmed it continues to consider proposals. 
 
No interim dividend has been declared. 

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