After-tax losses widen by 85.5% to $312.2m from 2014’s $168.3m on the back of a previously announced writedown in the value of television licenceTen Network’s full-year loss has nearly doubled to $312.2m but the free-to-air broadcaster is predicting a big lift in advertising revenue thanks to its tie-up with Foxtel’s Multi Channel Network.
Ten said its after-tax losses for the 2015 financial year had widened by 85.5% on 2014’s $168.3m on the back of the previously announced writedown in the value of its television licence.
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Source: theguardian.com