Channel 9 has bought some time by converting debt into equity, but today Channel 10 has announced a loss and a plan to ask staff to put up their hands for voluntary redundancies. In the current job market . . . good luck with that plan. I say that inside a month the voluntary redundancies will become large-scale sackings.
In response to: http://www.smh.com.au/business/media-and-marketing/struggling-ten-network-flags-job-cuts-20121018-27sw0.html Struggling Ten Network flags job cuts
October 18, 2012 - 12:09PM By Chris Zappone Reporter, Business Day
Ten Network will cut staff as part of a wide-ranging review aimed at getting its costs down. News of the redundancies came as the network, which has been struggling in the ratings this year, revealed a $13 million loss for the year ending August 31. Ten’s chief executive, James Warburton, said the program of voluntary redundancies had been announced today and it was too soon to say how many jobs would be cut. Advertisement ‘‘What we’ve done is we’ve completed the model. The voluntary redundancies are what’s being announced today but it’s way too early to say what those numbers are.’’ BusinessDay understands up to 100 staff would be affected nationally. The company had about 1300 staff in 2011. An email is said to be sent out to staff shortly. Mr Warburton said the network’s annual results were ‘‘disappointing’’ and the ratings had ‘‘not been good enough’’. Ratings flops for the network this year included The Shire and Everybody Dance Now. Ten has denied that it is moving to a national news bulletin, but has conceded that it is implementing a ‘‘national news desk’’, to be based in Sydney, in a bid to ‘‘centralise and streamline the process’’ of making its news bulletins around the country. A spokeswoman said suggestions that the network would axe local news bulletins were wrong and due to ‘‘confusion’’. Ten will retain local hosts and continue to cover local news, she said, while declining to specify what form those local bulletins would take and how much of their content might derive from the new ‘‘national’’ desk in Sydney. Staffers seeking solace in that suggestion of flexibility will find little comfort in the line that today’s announcement represents ‘‘the first outcome’’ of the strategic review that has been taking place across all parts of the company. That could suggest there is worse to come, but Ten is playing its cards close to its corporate chest. The spokeswoman said the redundancy program came with ‘‘no number and no timeline’’. The network has struggled with slumping ratings in 2012, while the free-to-air television industry contends with a faltering ad market and the change in entertainment and broadcasting trends, triggered by mobile devices.
epirb: Too many people buying off the web . And far to many channels for the market to support .
Was reading about how the numbers of ratings have dropped because of this - years ago a program had to have millions of viewers to be classed a success whereas now they only need 3 or 4 people
serene56: Was reading about how the numbers of ratings have dropped because of this - years ago a program had to have millions of viewers to be classed a success whereas now they only need 3 or 4 people
When I grew up we had ONE channel . There were films on Friday night , Sunday afternoon , good films everybody would see and be talking about them . Now we have so many channels and alot are crap . "a right thats it moment " 2001 saw my two sons and me leave the TV behind . Taught them to read and write . One has since written a story for a school journal and been PAID for it . Stick the telly and its gutter crap .
epirb: When I grew up we had ONE channel . There were films on Friday night , Sunday afternoon , good films everybody would see and be talking about them . Now we have so many channels and alot are crap . "a right thats it moment " 2001 saw my two sons and me leave the TV behind . Taught them to read and write . One has since written a story for a school journal and been PAID for it . Stick the telly and its gutter crap .
A sales rep who visits my work thinks she's a celebrity because she was on the Biggest Loser for a couple of episodes
serene56: A sales rep who visits my work thinks she's a celebrity because she was on the Biggest Loser for a couple of episodes Puhleeeeeeeeeeeeeeeeeease
Hell , I would want to keep it all hush hush rather than draw attention to that . Lowest common denominator seems to be they way TV has gone . They have dug their own graves , good luck to them .
curly28: Sorry meant free tv I have paid tv and at least I have choices
Stayed with friend who had Austar satellite as it was the only reception in a regional area. 99 channels of crap paid for. Had boarders who went for a city-based cable network. Left it on the music channel as it might as well give something they had a slight interest in, even when they went out as they were paying for it.
But yes, even the free-to-air stations are competing amongst themselves with everyone offering 3/4/5 channels of the same stuff.
But think of market saturation. We had 5 free channels averaging 20% each. Say everyone now gets 5 channels each = 25 channels and averages 4% each. But you may get one of the new channels getting slightly more than the now 4% average. Okay, the total for all channels still generate 100% for all the 25 channels they operate but your total share from your 5 channels now goes to 21% of the total.
Newlife08On the coast, Queensland Australia2,715 posts
I think free to air TV is totally irrelevant to under 25's??
I know my daughter watches very little, not much she is interested in, and my son hardly watches anything. Or what he wants he can find on the net??
They are of another age? They haven't changed with the times.
Currently if you look at any free to air at 3 pm, it is all kindy programmes?? So if you are an adult/shift worker whatever where is your choice? That is where PayTv picks up the slack?
PayTv - there is a lot of garbage on it, but at least there is some variety???
The job market is not looking too good for some people in TV
Blizzard14uGosnells, Western Australia Australia1,430 posts
Obscuritan: Pity that py TV has only slightly fewer ads than Free TV.
Pay TV is going broke! They are offering free in-home setup with no contracts here now? I had paid TV long ago with the old galaxy setup, free installation no contract and they went broke 12 months after, the guy across the road came over and asked if I had a converter box? As he had been waiting six months? I said if it was not fully completed on the day of setup I would have tolled them where too go!
When pay TV dies again we will get better TV viewing with all the extra free TV sights!
I personally dislike Pay TV, my kids spend enough time infront of DSI's, computers so i don't want them watching tv 24/7. Free tv is great, hope it stays. Otherwise we will be tv free... might get out the deck of cards and board games now...
When I first joined pay TV all the programs were ad free.... NOT ANY MORE.....and what a load of rubbish is on there now repeats and more repeats.
Now we only watch Sky News and Paul Murry on the same channel, UK tv programs are so old I mean Lovejoy is on there' made in the in the eighties as are a lot more of the same.
I suppose I am a bit odd as I just like to relax in the evening without an iphone or a laptop next to me, I do not own either' I look around now and watch all these people texting madly in their own world as if nothing else exists.
Better go to bed ....had my half hour on my desktop in the study on my way through.
Blizzard14uGosnells, Western Australia Australia1,430 posts
belle72: I personally dislike Pay TV, my kids spend enough time infront of DSI's, computers so i don't want them watching tv 24/7. Free tv is great, hope it stays. Otherwise we will be tv free... might get out the deck of cards and board games now...
The kid invites her half sisters over for the night every so often so they can play board games! With us, one at a time though, as they are twins and I don’t get paid for baby sitting twin nine year olds by the EX, other than getting to win most off the games we play, monopoly champion here! We have about twelve board games here, the kid and I have been playing them for years, but now her half sisters are getting invited to sleepovers and parties separately, we have become the backup for the one that didn’t get invited, As for TV, it’s the best educational device invented, you just have to have control of the remote sometimes?
lolshortyWhoop whoop, Western Australia Australia416 posts
belle72: I personally dislike Pay TV, my kids spend enough time infront of DSI's, computers so i don't want them watching tv 24/7. Free tv is great, hope it stays. Otherwise we will be tv free... might get out the deck of cards and board games now...
use to love having TV free days with the kids... board games awesome
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In the current job market . . . good luck with that plan.
I say that inside a month the voluntary redundancies will become large-scale sackings.
Struggling Ten Network flags job cuts
October 18, 2012 - 12:09PM
By Chris Zappone
Reporter, Business Day
Ten Network will cut staff as part of a wide-ranging review aimed at getting its costs down.
News of the redundancies came as the network, which has been struggling in the ratings this year, revealed a $13 million loss for the year ending August 31.
Ten’s chief executive, James Warburton, said the program of voluntary redundancies had been announced today and it was too soon to say how many jobs would be cut.
Advertisement
‘‘What we’ve done is we’ve completed the model. The voluntary redundancies are what’s being announced today but it’s way too early to say what those numbers are.’’
BusinessDay understands up to 100 staff would be affected nationally. The company had about 1300 staff in 2011. An email is said to be sent out to staff shortly.
Mr Warburton said the network’s annual results were ‘‘disappointing’’ and the ratings had ‘‘not been good enough’’. Ratings flops for the network this year included The Shire and Everybody Dance Now.
Ten has denied that it is moving to a national news bulletin, but has conceded that it is implementing a ‘‘national news desk’’, to be based in Sydney, in a bid to ‘‘centralise and streamline the process’’ of making its news bulletins around the country.
A spokeswoman said suggestions that the network would axe local news bulletins were wrong and due to ‘‘confusion’’.
Ten will retain local hosts and continue to cover local news, she said, while declining to specify what form those local bulletins would take and how much of their content might derive from the new ‘‘national’’ desk in Sydney.
Staffers seeking solace in that suggestion of flexibility will find little comfort in the line that today’s announcement represents ‘‘the first outcome’’ of the strategic review that has been taking place across all parts of the company.
That could suggest there is worse to come, but Ten is playing its cards close to its corporate chest. The spokeswoman said the redundancy program came with ‘‘no number and no timeline’’.
The network has struggled with slumping ratings in 2012, while the free-to-air television industry contends with a faltering ad market and the change in entertainment and broadcasting trends, triggered by mobile devices.