Another one from Crikey, from 27 Feb:...

Another one from Crikey, from 27 Feb:

https://www.crikey.com.au/2017/02/27/channel-seven-ten-shares-hit-new-all-time-low/

This is the interesting part re TEN:

"Analysts now say they now expect Ten to make a significant cut in the value of its TV licenses, which were valued at $346 million at August 31 last year. Ten had a market value of just over $219 million at the close last week, indicating a possible impairment charge of more than 33% or well over $120 million."
____________

I still reckon TEN can still be a goer if it has less debt. The problem for many of these FTA companies is how much they bid and pay for sporting events (likely their real bread and butter). So the richer FTA's win them, and  the more financially challenged lose out. Hence, the massive and dilutionary capital raisings. SWM went on a crazy spending spree after its last capital raising, and is now still back to $1b market cap.

Write-downs notwithstanding, TEN is looking cheapish.