Sydney – Ten Network Holdings announced today it posted a record $A1 billion ($US902 million) in revenues for the fiscal year ending Aug. 31 and confirmed a recasting of its board after Canada’s CanWest Global Communications Corp. converted its 55% 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%. 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 Leonard Asper (President and CEO of CanWest) and Tom Strike (President, Corporate Development and Strategy Implementation of CanWest) had joined the board of Ten Holdings; Asper will also serve as Deputy Chairman.