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Ten share price drops below 50c, taking it to lowest market capitalisation ever

and
April 19, 2017 6:51

Ten’s share price has continued to drop, closing at 49c today.

Last Thursday the troubled TV network saw its shares fall to 52c for the first time, giving the company a valuation of just $188m. Today’s drop to 49c, gives it a market capitalisation of $177.46m.


The share price drop comes at a time when ad spend across TV is actually up year-on-year, according to figures released yesterday by the Standard Media Index.

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Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

Topics
share price Ten TV
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