They fought because they entered the fray with an offer to buy out the company… they didn’t have to do that, and in fact by doing so meant they didn’t get any of the money owed and have had to spend up big.
Oh and no one told the employees what to think or how to vote, that was Murdoch spin because they lost.
That’s stretching reality just a wee bit. Joint Australian bid? Gordon lives in Bermuda and Murdoch in America! The only reason they wanted to buy it was to turn it into a News Limited mouthpiece. One of the channels would have been Sky News as per Gordon’s WIN. Thanks ViacomCBS from saving us from that garbage!
In which all those, at least in the news department would have likely lost their jobs and/or got transferred to Sky as soon as the takeover was settled.
Actually by securing ownership they have got their money from that contract. ViacomCBS have a guaranteed feed of money from Ten for showing their programs on their channels.
Again, they did not get repaid their money that was owed.
Profit since is not the money that was owed.
@lexington I’m interested to know your thoughts on how you think 10 will pan out as a network in the next couple of years?
There’s a lot of speculation here about what/how much Viacom is going to cut from TEN, but for now, what I know, it won’t be much or anything, they’re just reorganizing things.
While the Pyrmont building has been mostly empty for the past 12 months due to COVID & people working from home, it’s my understanding, at least 150 existing TEN staff will be returning to the office (if they haven’t already done so recently), over the next few weeks, & 150 new VIACOM staff will be moving into the building, along with TEN next week or the week after.
… that furphy (again started by the MEAA) was around long before the takeover bids were even started …
Not profit. Money paid for showing their programs - it is not free.
… and Reg Grundy lived in Bermuda as well, but it didn’t stop the company that bore his name being Australian. Try looking companies up on the ASX before accusing others of “stretching reality” … as for ViacomCBS “saving” 10 … well, we all need a laugh don’t we … 
Can we agree it may be misleading to say that the CBS bid was foreign while labelling the Gordon/Lachlan Murdoch bid as Australian (both live overseas, and Murdoch is an American)?
nope … the Gordon/Murdoch bid vehicle was a joint venture between two Australian companies both listed on the ASX and the senior executives of both those companies live and work in Australia … the CBS bid was by a totally foreign-owned company and the senior executives of that company live and work overseas …
Check what I wrote please… I said “saving us from that garbage” meaning Sky News and News Limited. Whether they save or (saved) 10 in other ways is open to debate. Personally I prefer 10 in ViacomCBS control than under Gordon and Murdoch. We all see the evidence from people who watch WIN how Gordon’s company manages it and how Murdoch’s ownership of Nova Enterainment is affecting Smooth etc. Lachlan is too busy turning Fox News further to the right to worry about “little” Australian radio stations, just as he would not have given 10 too much time or attention unless, off course, if he could have turned it far right too!
The Bruce Gordon companies WIN, Birketu and Hoverton are not listed on the ASX. The 100% owner and a director is Bruce who normally resides in Bermuda. Andrew Gordon is a director, and is the executive chairman of WIN, and at the time of the Ten debacle lived in Sydney.
Lachlan Murdoch’s private company Illyria was the vehicle he used to invest in Ten. It is not listed on the ASX. News Corp and Fox Corp were not involved. He has mostly lived in LA since he rejoined the News/Fox executive.
I stand (or sit as the case may be) corrected … WIN is an Australian company that is no longer listed on the ASX; Illyria is a private company … both are however registered for business in Australia by ASIC and have Australian Company Numbers (ACN) … CBS is not and has never been an Australian company and is not registered with an ACN … therefore my point still stands … there were two bids, one Australian, one foreign …
Really, is which stock exchange a company is listed or under which nation’s laws a company is registered the most important thing?
Often there are bigger/more important issues than the nationality of a person or company.
Ten’s employees decision to back CBS over Gordon/Murdoch was logical, it seemed to be in their best interests, the change from CBS to ViacomCBS hasn’t been positive, but all anyone can do is make a call at the time, and I’d imagine they don’t regret their decision.
CBS/ViacomCBS isn’t a government-owned company pushing propaganda for a dictatorship or something like that, so why the apparent disdain for CBS just because they’re foreign?
Nationalism can be ugly, so I hope that’s not what’s going on here.
Do you have concern about News Corp being foreign-controlled (especially with its dominance in newspapers in Australia)? Should Murdoch be forced to sell it to Australian ownership?
… nope, the point is that a decision on the future of an Australian media company was made on the basis that any company was “better” than being owned by an Australian company that had the name “Murdoch” associated with it … such is the petty paranoia of people who call themselves journalists and the union that represents them …
Petty paranoia?
Why are you so dismissive of Ten’s employees fears about what may have happened to their jobs?
Perhaps you think News Corp is a fabulous place to work, what with their partisan, anti-science, editorial direction? They haven’t exactly earned themselves a reputation for integrity, honesty and quality journalism.
We only need to look at recent events to see how Fox News’ lies has helped to tear the USA apart, and closer to home we have that shocking Herald Sun headline suggesting men who rape children shouldn’t be jailed.
News Corp today are an appalling disgrace, but even putting that to one side, the fact is Ten’s news (and some other areas) could’ve been collapsed into Sky News Aus/Foxtel (costing many Ten employees their jobs), whereas CBS didn’t present that same risk.
Why should Ten’s employees have had (your apparent) blind faith that just because a company was Australian they’d be a better steward of their television network, their jobs, etc?
Ignorant nationalistic pride? (Do you only buy Australian-made products & services, or is this some sort of ‘do as I say, not as I do’ thing?)
What has CBS done to Ten which can be clearly demonstrated Gordon & Murdoch wouldn’t have done?
Anyway, I doubt you’ll answer my questions. Perhaps I shouldn’t bother asking.
Complete and utter nonsense. We don’t need any right wing crazies managing or owning a network. News Corp own enough thank you. CBS did the right thing and employees voted accordingly.
… since you have enunciated the problem so well I will of course answer … it’s just been once again clearly established a few posts above that the Gordon/Murdoch planned takeover had nothing to do with either News Corp or Fox, but here you are still carrying on about them … then you repeat that silly furphy about Sky News Aus/Foxtel that was being spread by silly people long before 10 became a takeover target … and as far as being “Australian”, it’s been the union movement that has been the most vocal about NOT allowing foreign firms to take over Oz companies because of the likely effect on local jobs, but when it comes down to it, the MEAA supports CBS … total hypocrisy … do I know that Bruce and Lachlan would have done it any differently? of course not, but I do know Bruce and I know that everything he does is based on a solid knowledge of the entertainment industry in Australia rather than a bunch of people who don’t know and most likely don’t care because their endgame is different … streaming …