Ten’s history shows Australia’s third free-to-air network struggling against a backdrop of declining advertising revenue, increasing competition and leadership tussles.
1964 – Launched as ATV-0 and owned by the Ansett transport and media group
1979 – Rupert Murdoch gains a 50 per cent stake in Ansett, giving him control of channel 0
1980 – The broadcaster becomes known as Network Ten
1987 – Murdoch becomes an American citizen and is obliged under Australia’s media ownership laws to sell the television station to Northern Star, an offshoot of Frank Lowy’s Westfield Group, for $950 million
1989 – Westfield sells Ten’s Sydney and Melbourne stations to Steve Cosser’s Broadcom. The other stations were folded into Capital, wi…
Read the full article at: http://www.sbs.com.au/news/article/2017/11/10/tens-journey-hands-us-giant-cbs