Network Ten posts half-yearly profit of $13.5m

Network Ten has today trumpeted benefits from the merger of its sales operation MCN, by posting a $13.5m half-yearly profit.

In its half-yearly update, Ten’s revenues were up 7.9% with the TV network noting this came despite a 1.7% decline in the capital city free-to-air TV market during the period.

Ten CEO, Paul Anderson, said in a statement, he was pleased with the results: “Our clear strategy of investing in fresh and innovative prime-time content and expanding strategically our digital media business, tenplay, is producing encouraging results.”