The Motley Fool

Is Channel 10 (TEN) gone forever?

Ten Network Holdings Limited (ASX: TEN) shares are done and dusted, with TEN having entered voluntary administration last week.  

At least we could say that shareholders had a good run…

…actually, nevermind.

TEN share price

TEN share price

Source: Google Finance

As can be seen above, it wasn’t one enormous shock that took shareholders by surprise.

It was a slow, painful existence for long-term shareholders — and viewers.

Don’t get me wrong, there were some jaw-dropping moments. Like when The Shire aired across Australia.

I’m not talking about the shire from a The Lord of Rings novel, either. It actually happened.

For a long while, it appeared TEN was airing just about anything.

Indeed, Channel Ten and its parent company, TEN Network Holdings, had some calamitous moments.

But TEN’s downfall, which last week slapped shareholders in the face like a rotten tomato from Con the Fruiterer — part of TEN’s classic, The Comedy Company — was a result of years of poor management and industry headwinds.

The second point is especially telling.

While Channel 10’s The Project TV is an example of a production that has embraced consumers’ shift to the internet, and blossomed.

For the most part, the rest of TEN has been unable to counter the shift towards the internet and online streaming.

And with the likes of YouTube, part of Alphabet/Google, Amazon, Netflix and Facebook offering on-demand or live streaming services, it appears too late to clean up TEN’s mess in public markets.

I just hope sharemarket investors took our (repeated) advice and got out while they could because I think it’s highly likely TEN won’t be returning to the ASX. 

NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….

Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%...

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!

Motley Fool Contributor Owen Raszkiewicz owns Google and Amazon shares. Owen welcomes and encourages your feedback. You can follow him on Twitter @OwenRask.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Alphabet (A shares), Alphabet (C shares), Amazon, Facebook, and Netflix. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.