Struggling television business Ten Network Holdings has called on the federal government to reform media ownership laws after posting its third consecutive full year loss.

Ten made a net loss of $168.3 million for the 12 months to August 31, which was a 41 per cent improvement on the previous year’s $285 million loss.

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Revenue from continuing activities slid 4.3 per cent to $626 million.

The company will not pay a dividend.