Ten posts $226m loss for 2019, flags more touble to come

July 6, 2020 11:13

Ten has posted a $226m loss for 2019 during the COVID-19 pandemic, with a $10.7m write off in programming costs and almost $50m in contracts.

The network has also flagged more danger on the horizon, with an income fall of as much as 30% since March and the likelihood of more costs related to sports broadcast and production halts.

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Hannah Blackiston

Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

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Ten posts $226m loss for 2019, flags more touble to come

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