Network Ten


CBS completes Ten takeover

CBS Corp. is now the owner of Australian commercial broadcaster Network Ten after closing its takeover deal. The US network has cleared the final hurdles in a protracted takeover process, which had begun after Ten went into administration. The deal marks the second time Ten has had a North American owner – Canada’s CanWest was […]

Essential hires Network Ten exec for key post

Australia’s Essential Media and Entertainment has appointed Network Ten’s Kate Brady as commercial director. Brady joins from her former role as network business affairs manager at Network Ten to  focus on commercial interests and business affairs for Essential’s TV, theatrical and digital content. She will report to Essential’s CEO Chris Hilton. Brady has held senior […]

Neighbours getting Turkish remake at Fox

Australian daily soap Neighbours is being remade for the first time in its 32-year history. Turkish network Fox has ordered a local version of the drama following a deal with distributor FremantleMedia International. The original has been consistently broadcast in Australia and the UK for decades, with the first episode appearing down under on Network […]

Fox officially ends Network Ten output deal

Following CBS’s acquisition of Australia’s Network Ten, Fox has officially ended its output deal with the broadcaster, it has been reported. The Australian reported today that Fox has issued a letter of termination for the long-term agreement which included library content and was set to expire in June 2019. This follows reports that 21st Century […]

CBS’s Ten deal nears completion

US broadcaster CBS has just one obstacle to overcome in order to take over Australian commercial net Ten. CBS has received the deal greenlight from Australia’s Foreign Investment Review Board (FIRB), leaving only the legal transfer of shares as an outstanding issue. The FIRB has no problems with the deal, which formulated after it emerged […]

Ten creditors choose CBS over Murdoch

CBS Corp will be the next owner of Australia’s Network after creditors accepted its offer. Lachlan Murdoch and business partner Bruce Gordon had tabled a rival offer in a bid to derail CBS’s previously agreed deal for Ten, but this has come up short. Unsecured creditors met yesterday to decide what deal to accept, and […]

Murdoch & Gordon fail to stop CBS’s Ten deal

Lachlan Murdoch and Bruce Gordon have failed in their attempt to stop US broadcaster CBS buying troubled Australian channel Network Ten. The pair had attempted to halt a crucial creditors meeting that will decide whether CBS Corp. can move ahead with its A$201 million (US$161 million) deal, but have seen this rejected in court. Administrators […]

Murdoch attempts to derail CBS deal for Ten

Lachlan Murdoch isn’t giving up on Network Ten just yet. While his brother James was playing politics in the UK over 21st Century Fox’s stuttering deal for Sky, Murdoch has launched a new bid to buy struggling Australian channel Network Ten. Earlier this week, the Australian government relaxed rules that stopped Murdoch from owning a […]

CBS loans Ten A$143m to pay off creditors

CBS has handed Network Ten a multi-million dollar loan to pay off creditors – including 21st Century Fox chief Lachlan Murdoch – as the US broadcaster moves closer to buying its Australian counterpart. The agreements see CBS loaning Network Ten A$142.7 million (US$113 million) to refinance the commercial channel’s debts, according to Network Ten administrators […]

Producers encouraged as CBS buys Ten

Australian producers have reacted with support for a deal that will see US broadcaster CBS acquire Network Ten. The deal was announced yesterday, after CBS effectively decided to convert large debts Ten owed into an equity stake. Others such as Lachlan Murdoch had been circling the struggling business. Screen Producers Australia CEO Matthew Deaner said […]

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