Shares in Ten Network Holdings have jumped 7.46% at midday following the sacking of former chief executive James Warburton last week.

Channel Ten will soon have its fifth chief executive in only two years as the station has struggled with ratings and last year's show hopefuls Being Lara Bingle, The Shire and Everybody Dance Now flopped.

Hamish McLennan from News Corporation is joining the Ten team in three weeks.

This piece was first published on LeadingCompany's sister site, SmartCompany.