Comments on: TEN: profit down, staff cut

By: John wheeler

John wheeler — Sat, 03 Jan 2009 03:14:50 +0000

I get really p—-d off with the way frauds con less than qualified company boards into paying mind blowing sums +.

They are the ones responsible for most of the current financial hardships the average joe-blows are suffering.

No-one, but no-one on this planet is demonstrably able to justify a salary in excess of $1million p.a on an indefinite basis, plus all of the trimmings that go with it. It should be legislated that remuneration to the likes of -but not exclusively – Nick Fallon, be supported by evidence of quality management during the preceeding year resulting in acceptable levels of dividends to share holders and improvements in company growth and profitability. i.e – No dividends or net profit means no bonuses, severance payments, salary increases until the losses are zeroed and the black side of the ledger re-instated.

By: Kuttsywood

Kuttsywood — Sat, 20 Dec 2008 10:38:23 +0000

If Ten earned a dollar for every programming change, no jobs would need to be cut.

By: Mark

Mark — Fri, 19 Dec 2008 11:24:28 +0000

The “downturn” is in the quality of the network itself!

By: George

George — Fri, 19 Dec 2008 09:54:38 +0000

Benno,your spot on,when someone gets around to penning “Who killed Channel 10″ it will only need one page……G Blackley…the end.

By: Zambora

Zambora — Fri, 19 Dec 2008 09:49:42 +0000

Waits for day when shareholders and regulatory boards start to sue execs for their mismanagement.How can Falloon and his fellow execs justify their exorbitant wage

By: Benno

Benno — Fri, 19 Dec 2008 06:16:25 +0000

It’s also funny how they keep saying and implying to advertisers and the media that it’s the downturn in the advertising market that is the only problem they have. They are the ones creating more problems than need be.

By: Josh

Josh — Fri, 19 Dec 2008 03:10:06 +0000

Just a question,

Ron Wilson is moving to TEN’S Early Morning News, what happens to his 2nd job as News Reader for Macquarie National News Radio in the Mornings.

Will they clash?

By: Alex

Alex — Fri, 19 Dec 2008 01:06:09 +0000

i am not confident that ten will be able to launch a new channel (ONE) and introduce new shows whilst “deliver[ing] zero cost growth”…

btw is “fiscal 2009″ the financial year 2009 (ie 01/07/08- 30/06/09) or the calender year?

By: seriously

seriously — Thu, 18 Dec 2008 23:46:19 +0000

seriously?

By: Benno

Benno — Thu, 18 Dec 2008 22:48:37 +0000

How can they justify increasing the pay of their executives by 70% ?

By: slydoggie

slydoggie — Thu, 18 Dec 2008 22:41:42 +0000

Mmm…Falloon gets a pay rise to $5.3M or thereabouts and then they start sacking staff….Merry Xmas.

By: tomothy

tomothy — Thu, 18 Dec 2008 22:15:20 +0000

Hmmm, could this be due to poor programming, in correct start times, over-running of shows, to many primetime repeats, constant cancellation of quality programs which leads to less viewers? I think so

By: SwaySlayer

SwaySlayer — Thu, 18 Dec 2008 21:51:34 +0000

Maybe Nick Falloon can share around some of his $2.8m salary increase.

By: Neon Kitten

Neon Kitten — Thu, 18 Dec 2008 21:16:55 +0000

I’m just sitting back and watching companies on a daily basis doing the Downturn Shuffle. Easy way to cut staff without looking like a tool at Xmas, really, isn’t it?

This is why I don’t work for corporates. UNless they pay me in advance

Ten really should have just stuck with the status quo with their digital channels. “One HD” is, I suspect – and the foaming ball-game fans on forums will disagree with me – going to lose them money. I’m sure I’ll get to search for this comment down the track and add “told you so” for posterity