Commercial television operator Ten Network Holdings Ltd
(ASX:TEN) says two directors have resigned from the board following the sell down of the 50.06 per cent investment in Ten by Canwest Global Communications Corp.
Leonard Asper and Thomas Strike, who are connected with Canwest, have resigned from the board effective immediately.
The board will now consist of five directors; executive chairman Nick Falloon, Jack Cowin, Paul Gleeson, John Studdy and Peter Viner.
Chairman Nick Falloon says there has been a positive reception and wide institutional support for the sell-down of Canwest’s investment in Ten Holdings.
Mr Falloon says Peter Viner, a former CEO of The Ten Group and currently president of Canwest Broadcasting, will remain as a director of Ten Holdings.
Ten Holdings annual result for the year to August 31 2009 will be released on October 22 2009.
Ten reported a profit of $273.4 million in 2008, its best in five years.
