The administrator of the Ten Network has declared he expects the ailing television station to be saved.
Key points:
- Creditors met to discuss options for restructure, voted for committee including Lachlan Murdoch, WIN TV’s Bruce Gordon and James Packer
- Administrator Mark Korda says cash-flow is positive and ratings are good, so network should be able to stay afloat
- Changes to media laws would mean Mr Murdoch and Mr Gordon could buy the station
Ten was put into administration earlier this month after key shareholders, Lachlan Murdoch and WIN TV owner Bruce Gordon, refused to support an extended line of finance.
But after the company’s first m…
Read the full article at: http://www.abc.net.au/news/2017-06-26/channel-ten-may-yet-be-saved-from-receivership/8653522