Where it all started displays how it evolved from as early as the 60's the government had wanted another channel for their countries entertainment. It was the August the 1st when Network Ten or what was then known as ATV-0 opened to air in Melbourne. It was owned by Ansett transport and media group. All the different cities from then on got a channel but each had a different name like nowadays Channel Ten in the metropolitan areas is called Southern Cross in the rural. April 5, 1965 TEN-10 opened in Sydney and it was owned by UTSL and in the same year in July Brisbane's TVQ-0 and Adelaide's SAS-10 opened in Adelaide shortly after. It was also the year it was dubbed the Independent Television System as it was not owned by the Federal Government. The other two channels that it was competing against was Seven and Nine. In the 70's nobody had much faith not even the owners as they predicted that that channels as it was not achieving satisfactory ratings. The Network was then called 0-10 Network. The most miraculous decision to occur was when the soap opera 'Number 64' graced the televisions in March 1972 picking up the ratings and the revenue which was 1 million in 1971 and in 1972 it reached 10 million and more because of the soapie. 'Number 64' was Australia's top rated program until 1975. The Network was quickly evolving throughout its early years as it became Network Ten on the 20th of January, 1980. The channels over the states had reflected this new change like Melbourne as it had changed from ATV-0 to ATV-10. It wasn't until 1987 when disaster struck and the Network expanded as during the year Northern Star hit by the stock market crash and this impacted Network Ten because Sydney and Melbourne Ten was then owned by Westfield Capital Corporation which held a 20% stake in Northern Star Holdings and being an independent channel this was not good news as expressed in the below post about revenue and funding. News Corporation was the previous owner of Ten Sydney and Melbourne and if they hadn't have sold then the Network may have salvaged some money but history would have evolved another way.Though that had happened SAS-10 gave ADS-7 affiliation rights of Network Ten and they became ADS-10.1988 was another big year as Brisbane's TVQ-0 changed to TVQ-10, but it wasn't until September the 10th when Perth had finally a channel from the Network called NEW-10; this was only achievable because modern satellites had made it possible to broadcast in Western Australia. Science had influenced Network Ten by giving it the chance to expand and get more viewers if it weren't for the satellites then the whole population of Western Australian would have to be sacrificed in the ratings. In 1989 Westfield sold Network Ten to a consortium led by Charles Curran and Steve Cosser and because of low ratings Bob Shanks had relaunched the Network as 10TV Australia. The network was building a reputation and in 1990 it had received the label of the Entertainment Network. In the early 90's Network Ten nearly folded into Seven because it was doing so poorly but the power of Kerry Packer who was former owner of Nine Network was resisted and it why we still have Network Ten to this day. In 1992 Network Ten changed ownership once again to a Canadian based corporation called CanWest. In 1995 TEN was re-established as a complete Network as they purchased ADS and NEW from Capital Television. Modern Technology including the internet influenced how Network Ten had branched out as they had launched their website in April of 1999. They bought $780 million for the AFL rights which allowed them to own the rights from 2002-2006. In 2005 the tsunami had made Network Ten join Seven and Nine in the national appeal for the disaster. In 2006 they secure the rights to the AFL again from 2007-2011. From 2006-2008 Network Ten was the official broadcaster of Sydney's New Year's Eve Fireworks. This social event and the AFL allowed them to cater for more audience and had built up the reputation that we have today. It was a special day on 14th September in 2007 as Network Ten launched TEN-HD. During this year Foxtel allowed TEN digital signal to be transmitted via Foxtels cable satellite service as this helped cater for shows and programs from the USA. January of 2008 TEN secures rights to broadcast Dehli Commonwealth Games with Foxtel and in April TEN launches Making Your Mark as they try to battle the evironmental issues that are still current today.25 March, 2009 TEN-HD ceased and was replaced with ONE HD and on the 24th September CanWest was in debt so they were selling 50.1% of Ten Network Holdings for $680 million and had $4 billion debt in radio, tv, advertising in several countries. This debt would have impacted greatly and the Network would have needed a lot of support. Earlier CanWest was in discussions in 2005 with John Fairfax holdings about a possible sale. Newspapers like Fairfax could not own television companies before. This was a turning point for the television and newspaper industry. In 2010 James Packer had bought 17.88% if shares in Ten Holdings and he wanted to make changes to sport broadcast regulation and as CEO Grant Blackley's contract had terminated in early 2011, Lachlan Murdoch had bought 9% of TNH and was appointed as CEO. Lachlan is the son of Rupert Murdoch who is a powerful man who is very influential as he owns News Corporation and Fox Broadcasting Company. The current substantial shareholders now are J.P Morgan Nominees Australia Ltd. (15.93%) HSBC Custody Nominees(Australia) Ltd. (12.98%), National Nominees Ltd (11.16%), Birketu Pty Ltd.(11.03%) and RBC Dexia Investor Services Australia Nominees Pty Ltd(6.65%). On the 26 August 2010 Southern Cross Ten was launched and on the 11 January, 2011 ELEVEN was launched and 8 May ONE HD provided more entertainment for males.
As seen in the aforementioned changing ownership had good points and bad points. The good points were that some cases the Network became stronger and more prominent and powerful in the television community whereas the bad points was with CanWest and Northern Star they had quite a few harsh blows which would have impacted on the Network in a negative way. The events such as the tsunami, AFL rights, the satellite for Western Australia and other things in the aforementioned has made the Network progressed and evolved so much that now TEN is not struggling for ratings but is one of the most watched channels in Australia in the 16-39 demographic and this has been awarded in various years.
Wednesday 10 August 2011
Network Ten Report- Revenue and Funding
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Network Ten and ABC guidelines
Network Ten’s Key Responsibilities of the Board are(http://tencorporate.com.au/governance/board.aspx):
considering the strategic goals of the Group as developed by management, approving appropriate goals, and monitoring the performance of the Group against them;
a. appointment of senior management of the Group (and their direct reports) and the Company Secretary, and the determination of their terms and conditions of appointment (including remuneration);
b. monitoring and evaluating the performance of senior management of the Group in achieving any strategies and budgets approved by the Board;
c. reviewing on a regular and continuing basis:
i. executive and Board succession planning; and
ii. executive development activities.
d. appointment of the Chairperson;
e. determination of the membership and terms of reference of Board committees;
f. adoption of, and monitoring compliance with, corporate governance policies including the risk management policy and internal controls;
g. determining any matters in excess of discretions that it may have, from time to time, delegated to the senior management; and
h. approving each of the following:
i. the financial and capital expenditure budgets;
ii. significant changes to the organisational structure and the appointment of such senior officers as the Board may determine;
iii. the acquisition, establishment, disposal or cessation of any significant business of the Group;
iv. payment of dividends in accordance with the Constitution;
v. the appointment of the external auditor and remuneration payable in connection with the audit of the financial statements;
vi. the issue of any shares, options, equity instruments or other securities and any major debt obligations to be incurred by the Group;
vii. annual financial statements and Directors' reports;
viii. periodic news releases of the Group's financial results;
ix. any changes to the discretions delegated from the Board; and
x. the risk management policies of the Group.
i. monitoring compliance with regulatory requirements and ethical standards;
j. monitoring compliance with the ASX Listing Rules continuous disclosure requirements;
k. monitoring and enforcement of the provisions contained in Schedule 1 of the Constitution relating to compliance with the ownership and control provisions of the Broadcasting Services Act.
TEN’s Operational Highlights : 2010
Network Ten
· TEN is the network of choice for viewers under 50
· TEN is #1 during prime-time in the key demographics of 18-49 and 16-39, and #2 in 25-54
· TEN delivers Australia's favourite local shows including MasterChef Australia, Talkin' 'bout Your Generation, Bondi Rescue, The 7pm Project, Hawke, Recruits, Rush, The Biggest Loser, Offspring, Good News Week, Bondi Vet, Junior MasterChef and more
· With a peak audience of 4.44 million viewers and an average audience of 4.03 million, MasterChef Australia The Winner Announced is Australia's highest rating non-sporting event since the OzTAM television ratings service began
· TEN delivers a line-up of international hits including Modern Family, NCIS, Glee, NCIS: Los Angeles, Lie To Me, Merlin, The Good Wife and Undercover Boss
· ten.com.au/watchtv launched
· Online video views increased by 31%
· TEN is #1 in daytime
· TEN News At Five (Mon-Fri) is Australia's top daytime program
· ONE is Australia's #1 sports channel, reaching 3.6 million viewers every week
· The 2009 AFL Grand Final - broadcast on TEN and ONE - is the year's biggest sporting event
EYE
· EYE reaches 228.32 million passenger movements each year through its presence across 23 airport terminals internationally
· EYE reaches 226 million shoppers every month in Australia, New Zealand and the USA
· EYE reaches 9.8 million Australian drivers each month
· EYE reaches more than 1.3 million students in Australia and New Zealand annually
The Australian Broadcasting Corporation (ABC) is the major national public broadcaster, contributing to and reflecting
The ABC is an integral part of the radio, television and online production industries and the news and information media. It also plays an important role in digital broadcasting and the introduction of new media services.
Under the ABC Charter found in section 6 of the Australian Broadcasting Corporation Act 1983, the Corporation is required to provide innovative and comprehensive broadcasting services of a high standard as part of the Australian broadcasting system consisting of national, commercial and community sectors and to transmit news, current affairs and entertainment programs outside Australia.
Radio
The ABC delivers radio broadcasting services over:- Four national radio networks: Radio National, ABC Classic FM, Triple J and ABC NewsRadio;
- Local radio through nine metropolitan radio stations in capital cities and Newcastle, and 51 regional radio stations throughout Australia;
- Three Internet music based services; and
- Radio Australia, an international service broadcast by shortwave, online, satellite and local rebroadcasts to the Asia-Pacific region in five local languages—Indonesian, Tok Pisin (Pidgin), Chinese, Vietnamese and Khmer (Cambodian)—as well as English. Aside from news and current affairs, English lessons, sport and music from Australia, Radio Australia's programs cover the events and issues of the region with a particular emphasis on health, the environment, science and technology, agriculture and education.
In June 2006, the ABC estimated that its 617 Government-funded national radio services had achieved the following penetration rates:
- 99.4% of the Australian population had terrestrial access to Local Radio;
- 98.5% of the Australian population had terrestrial access to Radio National;
- 95.7% of the Australian population had terrestrial access to Classic FM;
- 95.2% of the Australian population had terrestrial access to Triple J; and
- 78.2% of the Australian population had terrestrial access to NewsRadio.
Television
ABC television consists of:
- an analogue television service ABC TV;
- digital television from 177 transmitters (simulcast with the analogue television signal);
- ABC2, a second digital channel, which began broadcasting in March 2005; and
- local television in each state and territory.
ABC2 broadcasts a range of new and repeat programming including children’s programs, specific regional programs, documentaries and arts programs and international and regional news.
Additionally, Australia Network (formally ABC Asia Pacific Television) broadcasts under contract for the Department of Foreign Affairs and Trade via satellite and rebroadcast arrangements to 41 countries in Asia and the Pacific.
ABC television reflects the diversity of interests in the community nationally, through a range of distinctive programs of broad and specialist appeal. ABC television commissions, produces, purchases and schedules all general programs as well as current affairs programs. It is watched by in metropolitan areas by approximately 8.5 million viewers and in rural areas by 4.1 million viewers every week.
ABC television is available via analogue signal to 98.19 per cent of the population. The analogue service is transmitted via 961 terrestrial transmitters around Australia, including Self-Help facilities, which are operated and maintained by local councils or community groups and Broadcasting for Remote Aboriginal Communities Scheme (BRACS).
The ABC is in the process of progressively rolling out digital television services which will eventually have equivalent coverage to that of analogue television services. ABC television is available via digital signal to 96.19 per cent of the population.
The ABC digital television service is also retransmitted on various digital subscription platforms, including FOXTEL, Optus TV, AUSTAR, TransACT and Neighbourhood Cable.
ABC’s board guidelines are provided in the Australian Broadcasting Corporation Act (1983) if need to read please follow this link http://www.austlii.edu.au/au/legis/cth/consol_act/abca1983361.txt and click plain text.
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