Rod Sims

Authority investigating Network Ten takeover plan

The Australian Compeition and Consumer Commission (ACCC), is investigating whether a Lachlan Murdoch-led plan to take over commercial channel Ten is legal. Murdoch and fellow Network Ten Holdings shareholder Bruce Gordon yesterday signalled they were planning to take over the business, a month after pooling their respective stakes together. Ten is currently in receivership after […]

Foxtel-Ten deal gets regulatory approval

Foxtel’s agreement to buy into Australian free TV channel Ten Network is going ahead after local competition authorities opted against opposing the deal. The Australian Competition and Consumer Commission and the Australian Communications and Media Authority have now given their approval to the deal after investigating specific concerns. The proposed agreement will see Australian pay TV […]

Watchdog okays Seven, Foxtel SVOD JV

Australian media regulators have given Seven Network the greenlight to acquire half of new streaming service Presto TV and launch a planned JV with Foxtel. Seven revealed its involvement in Presto last year in a joint announcement with pay TV operator Foxtel, but had not been officially given the go-ahead to own its 50% stake […]