The Ten Network will go into voluntary administration after key shareholders pulled their backing for a new $250 million loan over the weekend.
The decision was confirmed in a statement published on the ASX on Wednesday.
The network said that the decision by high-profile backers, Lachlan Murdoch and TV network owner Bruce Gordon, not to guarantee a new loan — whic…
Read the full article at: http://www.huffingtonpost.com.au/2017/06/13/channel-10-goes-into-voluntary-administration_a_22148011/