Channel Ten enters voluntary administration … Verizon closes $5.9 billion Yahoo acquisition … Kmart’s “aggressive … – SmartCompany.com.au

Liquidation

By Dominic Powell and Emma Koehn. The Ten Network has been placed into voluntary administration after shareholders Lachlan Murdoch and Bruce Gordon did not guarantee a $250 million loan to cover the stations $200 million debt, reports the Herald Sun. Administrators from KordaMentha have been appointed, and are currently undergoing a financial and operational assessment of…

SumoSalad places leasing entities in voluntary administration over shopping centre rent dispute – SmartCompany.com.au

Liquidation

SumoSalads founder says the game has significantly changed since the healthy food franchise network signed a range of current shopping centre leases, prompting the company to put two leasing entities in voluntary administration as negotiations with landlords over rental terms heat up. On Tuesday, administrators at were appointed to two companies relating to the lease agreements…

Fifield: Ten’s voluntary administration a ‘wake-up call’ to opponents of proposed media reforms – MuMbrella

Liquidation

Minister for Communications and the Arts Mitch Fifield has called on Bill Shorten and Labor to show they care about the Australian media industry and support the proposed media reforms, following the news of Tens voluntary administration this morning. In a statement, Fifield said Tens announcement of voluntary administration was a wake-up call to the…

Ten goes into voluntary administration – AdNews

Liquidation

Australia’s third-placed TV network Ten has entered voluntary administration after three of its biggest commercial backers shied away from providing ongoing support to the business. The news was first revealed by Fairfax Media and formally confirmed today. Fairfax Media reports Korda Mentha will be appointed as administrator. The administrators are Mark Korda, Jennifer Nettleton and Jarrod Villani. Ten…