They are one of the assets. Yes.
Sure. Thatâs a point. Maybe theyâre only paying âpeppercornâ lease rates for the land anyway.
Maybe Ten could run a Telethon but instead of the money going to charity, it could go directly to the network and itâs shareholders. Now thereâs a tongue in cheek mock idea for you!
They might as well give it a crack based on that video. They have nothing to lose and own much of the equipment needed to run one and employ the people needed to do it. I donât think Iâve ever seen a Telethon purely for a non charitable cause before until seeing that video.
If Ten wants to save money, they could do sports the way they will do for the upcoming A League season. Where they take the entire FOX production.
Curiouser and curiouser.
âThe CBS deal was done,â a person involved said. âFOX was dragging its feet all the way.â One article suggested a FOX US contact was unreachable in the crucial hours leading up to administration.
But other sources do not agree with that account, with suggestions deals with TEN were agreed in principle.
Whilst CBS regard TEN as a loyal customer and were willing to cut the network a break to keep it afloat, FOX agreed to a replacement deal for TEN one hour after the company was put into administration.
Hmmm. Agreed in principle doth not seal a new deal. Isnât it ironic that FOX came to an agreement one hour after Ten entered administration, AND the fact that Murdoch had threatened to sue Ten if they went with a recovery plan over voluntary administration.
Itâs interesting Murdoch and Gordon didnât want the board to execute a plan that wouldâve prevented administration. Far too suspicious.
This is proving to be very grubby. Murdoch/NewsCorp do not deserve to end up owning Ten.
If they do thereâs nothing we can do about it
Yes there is, donât watch TEN anymore.
have honestly not watched TEN since Talkin 'Bout Your Generation ended, which was several years ago.
Havenât watched Ten since mappy appeared (not long after WIN became the Ten affiliate)
Murdoch & Gordon are tightening the screws on Ten:
Illyria Nominees and Birketu are the respective investment vehicles of billionaire shareholders Lachlan Murdoch and Bruce Gordon, who told the board on Friday evening they would no longer guarantee a key loan, putting the company at risk of insolvency.
According to correspondence published in The Australian Financial Review, Illyria Nominees and Birketu then reminded directors in a letter on Monday evening they would be in breach of their directorsâ duty to incur debt while insolvent.
âAny drawdown under the existing facility will amount to the incurring of a debt regardless of its purpose,â the letter states.
âAs a company such as Ten approaches insolvency, its directors also have an overriding duty to act in the best interest of the creditors, which includes Birketu and Illyria.â
Without access to the $200 million facility provided by the Commonwealth Bank and guaranteed by Gordon, Murdoch and fellow shareholder James Packer, the administrators may run out of options. They have scheduled a creditors meeting for Monday, June 26, in Sydney, and will examine the options.
Same here, WIN putting that blue mappy thing on was the last straw!
They wonât. I will still be watching Ten , even if they did take over (which I donât see happening).
Interesting article from the AFR, on billionaire shareholders being asked to splash some cash to keep âstaff paidâ & the âlights onâ:
Not surprisingly, tonightâs Media Watch had a story about the current situation with Ten: http://www.abc.net.au/mediawatch/transcripts/s4687972.htm
Who asked? Ten board?
Did I just hear correctly, that an unnamed âinsiderâ told MediaWatch they believed that News Corp would be interested in owning or having a major stake in Ch 9?