KordaMentha


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 […]

Ten secures A$30m loan to keep afloat

Australia’s Network Ten has secured its immediate future after key shareholders agreed to fund an A$30 million (US$23 million) loan. Lachlan Murdoch, Bruce Gordon and James Packer agreed to support the package, which buys Ten some time and keeps the network on air. The funding package is available until August 31 and comes ahead of […]

Ten enters voluntary administration

Australian commercial broadcaster Network Ten has appointed voluntary administrators after its financial backing collapsed. Administrator KordaMentha has been brought in to undertake a financial assessment of the situation, with a sale or recapitalisation process options on the table. “This decision follows correspondence received from Illyria and Birketu over the weekend, which left the Directors with […]