Sydney – Ten Network Holdings announced last week it posted a record $A1 billion ($US902 million) in revenues for the fiscal year ending Aug. 31, and it confirmed a recasting of its board after Canada’s CanWest Global Communications Corp. converted its 56% economic interest in the company to a majority stake. Ten reported consolidated annual revenue grew by 12.5%, but earnings before interest, taxation, depreciation and amortisation (EBITDA) at the television division rose just 3.5% to $A237 million ($214 million), as profitable as Foxtel and more profitable than the struggling Nine Network. Revenues at out-of-home advertising business, Eye Corp. (EYE), jumped by 34.5%, offset by previously foreshadowed start-up losses as EYE continues to invest for growth. Ten Holdings Executive Chairman Nick Falloon said CanWest President/CEO Leonard Asper and Tom Strike, President, Corporate Development and Strategy Implementation, had joined the board; Asper will also serve as Deputy Chairman.