Heavy impairment charge impacted the stock: Ten Network Holdings Ltd (ASX: TEN) stock crashed over 19% on April 27, 2017 as the group faced a non-cash television license impairment charge of $214.5 million. Television revenue increased 2.1% year on year (yoy) to $341.4 million in the first half of 2017. Revenue market share improved to 25.2% during the period from 23.4% in the prior corresponding period (pcp). Given the heavy impairment charges, the net loss for the period attributable to members reached $232.2 million from net profit of $13.4 million in pcp.
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