Media Man founder and director buys Ten Network Holdings shares - 9th December 2010

Media Man founder and director buys Ten Network Holdings shares - 9th December 2010

Media Man director and founder, Greg Tingle, has today purchased a modest amount of Network Ten Holdings (TEN) shares.

Media Man director, Greg Tingle commented "We are very excited at our investment into Ten today. The company show tremendous leadership from the top down, and we have enjoyed positive dealings with them over the years. We think they represent some of Australia's, even the world's, best in the entertainment, sports and lifestyle programing, and our share purchase today is a real and tangible show of our support and confidence in the company. They are competing better than most in the Australian media landscape, especially in television and advertising, and have substantial assets and risk management across a number of verticals. We are very impressed and take a keen interest in both its television programing with hits such as Bondi Rescue, Bondi Vet, Oprah, MasterChef, News at Five, The Simpsons, Glee, NCIS, as well as their advertising arm EYE. Digital station OneHD has performed well, with it now being recognised as Australia's number one sports channel. Advertising arm EYE is also on the upswing. The addition of James Packer and Lachlan Murdoch to the board was a key catalyst for our purchase of shares, but its a decision based upon track record, compelling and quality television and value for money. We strongly believe that Ten will continue to be at the forefront of the Australia media and new media landscape, and will be driving forward areas such as gaming, lifestyle and digital convergence. The board's lines of communication with key private and government media identifies such as Senator Stephen Conroy also set Ten up for strong ongoing success. Media Man is keen to build upon our existing history with the Ten family".

Media Man business brands include Media Man International, Media Man Brand, Media Man Network, Media Man Canada, Casino News Media, Global Gaming Directory, Australian Casino News and Property News Media. Media Man covers over a dozen different business sectors and is primarily a media, publicity and internet portal development company. The founder, Greg Tingle, enjoys a background in sales and marketing of Pay TV, journalism, and has been a leading media agent and commentator since 2001.

Media Man has enjoyed some b2b dealings with Ten over the years, the details of which are commercially sensitive in nature.

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