Network Ten Holdings

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 […]

Ten could sell after strategic review

Network Ten’s parent Network Ten Holdings has confirmed it has hired Citi bank to assess its strategic options after several stories about the sale of the company surfaced. This week, Discovery Communications and pay TV provider Foxtel were linked to a takeover of Ten, which is Australia’s third-largest commercial channel behind Seven and Nine. Ten […]