Oct 26 (Reuters) - Ten Network Holdings Ltd TEN.AX :
* Tnhl 2015 full year results announcement TEN.AX
* Says announcement of a fully underwritten accelerated pro-rata renounceable
entitlement offer of up to $77 million at a price of $0.15 per share
* FY loss for the period attributable to members of $312.2 million
* Foxtel will become a shareholder in Ten via an issuance of new ordinary
shares at a price of $0.15 per share to raise gross proceeds of up to $77
million
* Says Ten to become a 24.99% shareholder in multi channel network
* Non-programming costs are expected to be flat for the full 2016 financial year
* Programming costs are expected to increase due to contractual increases and disciplined for FY 2016
* No interim dividend will be paid"
* Total television costs (ex-selling costs) are expected to increase by 6.5%. for FY 2016
* Gross advertising revenue is expected to increase by at least 10% in the first three months of the 2016 financial year
* Says television advertising market remains "short" in terms of forward bookings
* FY television revenue increased 4.6% to $629.3 million
* Source text for Eikon ID:nASX4Z9hR2
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