Gina Rinehart


Foxtel nears Ten deal

Australian paycaster Foxtel is closing in on a 14.9% stake in commercial free-to-air rival Network Ten, according to a local report. Fairfax Media reports 21st Century Fox-backed Foxtel will invest around A$85 million (US$66.4 million) at 18¢ a share in Network Ten Holdings, which operates the embattled Ten. Following Fairfax’s story, ASX-listed Ten issued a […]

Discovery’s Ten bid looms as Gordon rep resigns

The man who represented for Network Ten’s largest single shareholder on the broadcaster’s board has resigned. The development came as a deadline for bids for the Australian firm, which is on the block, looms large. Paul Mallam, who represented Bruce Gordon and has sat on the board for four years, unexpectedly announced his resignation via […]