UPDATE 2-Australia's Ten H1 profit down on costs, ad market

(Reuters) - SYDNEY, March 28 - Ten Network Holdings Ltd. , Australia's third-biggest TV broadcaster, posted a 12 percent fall in first-half profit on higher costs and a subdued advertising market, but tipped an improved performance this year.

Ten, which has been put up for sale by majority shareholder Canada's CanWest Global Communications Corp. , said an Australian election later this year would boost ad spending and its TV profits should improve after winning back market share.


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