Ten Network Holdings Limited (ASX:TEN) has narrowed its net loss in the first half of the 2014 financial year. The major broadcaster booked an interim loss of $7.98 million, improving 96.7 per cent from the year before.
Executive chairman and CEO Hamish McLennan says the company’s television revenue growth was ahead of the growth rate for the capital-city free-to-air television advertising market.
Looking ahead Mr McLennan has flagged making prudent and strategic investments in content to execute Ten Network’s turnaround strategy.
The company will not pay an interim dividend.
