Ten’s travails turn dramatic

Will the Senate wilt and remove the two out of three rule? Will Ten have an unexpected owner? This could be a cliffhanger.
[This is archived content and may not display in the originally intended format.]

Image: Ten at Pyrmont in happier times.

Ten’s attempts to shore itself up as an independent company collapsed today when it told the Stock Exchange that it had entered voluntary administration and appointed KordaMentha as administrators. 

The network is solvent at the moment, but it won’t be when the $200m loan guaranteed by Lachlan Murdoch, Bruce Gordon and James Packer fall due at the end of the year. They own some 30% of the company. Gina Rinehart and Foxtel are involved as well. 

Unlock Padlock Icon

Unlock this content?

Access this content and more

David Tiley was the Editor of Screenhub from 2005 until he became Content Lead for Film in 2021 with a special interest in policy. He is a writer in screen media with a long career in educational programs, documentary, and government funding, with a side order in script editing. He values curiosity, humour and objectivity in support of Australian visions and the art of storytelling.