BREAKING NEWS: Channel Ten Announce Voluntary Administration – ChannelNews

Following news yesterday that Australian TV network Channel Ten had suspended trading of its shares following news that a number of key shareholders would not guarantee the companys future, it has now been confirmed that the company will be placed into voluntary administration.

This is extremely disappointing for all of us,  said Ten CEO Paul Anderson in a meeting with employees earlier this morning.

Network Ten is being put into voluntary administration. This is extremely disappointing for all of us, says CEO. pic.twitter.com/fPcCoFQKKH

Hugh Riminton (@hughriminton) June 14, 2017

Reports out of the Sydney Morning Herald tipping the announcement earlier this morning claim that  KordaMentha will be appointed as administrator by t…

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