In addition, [there was] abandonment of content that was not completed including prime-time shows Australian Survivor, The Amazing Race Australia and Five Bedrooms, delays in the delivery of programming to third parties, and fewer original programs and live events airing on our broadcast networks.
While production shutdowns, lower advertising and promotion costs and other cost-savings initiatives did partially mitigate lower revenues, the company did report earnings before interest, tax, depreciation and amortisation (EBITDA) of $53.6 million, excluding significant items.
Network 10 pulled in advertising revenue across its television and digital business of $582.9 million in the 12 months to December 31, 2020, compared to the $598.4 mil…
Read the full article at: https://www.afr.com/companies/media-and-marketing/restructuring-costs-and-write-downs-drive-network-10-to-loss-20210731-p58epl