Paramount Australia & New Zealand

Television Ten Network
946

26 posts were merged into an existing topic: Network Ten post-CBS

953

3 posts were merged into an existing topic: Network Ten post-CBS

968

A reminder:

This thread is for discussion around Ten Network Holdings, the sale process and share market impact.

The Ten post CBS thread is for the changes that may occur to the network after.

More than happy for ‘Was Ross Gellar Antifa?’ discussion to go in the Friends thread.

17 Likes
969

The Australian is reporting that KordaMentha were due to release an administrator’s report yesterday, but will now release it on Monday, with the creditor’s meeting that will vote on the CBS proposal expected to be held on 12 September.

1 Like
970

Ten Network Holdings won’t return to the share market; hopefully there’ll be enough approvers so it’ll quickly become a wholly owned subsidiary of CBS Corp.

I suppose the only other relevant thing for this type of thread may be what will eventually happen for the other networks currently licensed for CBS content; will their share prices be negatively impacted by the expectation that when their existing CBS contracts come up they won’t be renewed?

3 Likes
971

CBS as the largest creditor will wave through the approval. The higher the money owed the more votes you get. Plus the banks will wave it through as they get their money back.

1 Like
972

However Ten’s pending sale to CBS has had an impact on 7 and 9 shares IIRC

3 Likes
973

However they weren’t a secured creditor as far as I’m aware.
As well as a majority of creditors by dollar value owed, they also need to get a majority of creditors by total number aswell.

1 Like
974

The SMH is wondering:

The SMH asked ACMA via freedom of information requests if they were investigating anyone for breaches of ownership rules, but the SMH were given heavily redacted documents and non-specific answers.

975

Statement to the ASX.

Screenshot_20170904-124437
Screenshot_20170904-124437.png1682×1078 287 KB

10 Likes
976

This may explain the status of The Simpsons on Ten??

1 Like
977

Pathetic from fox if they take their ball and go home sulking. That business and clearly they won’t extract the money from other free to airs for that content so they’ll end up on pay tv.

1 Like
978

I don’t think CBS would care too much if FOX decided against supply of content. Simpsons is no longer pulling in viable numbers anyway. CBS have a large number of formats, plus their own content new and old that they could easily plug a schedule with.

8 Likes
979

Full report to creditors

http://www.asx.com.au/asxpdf/20170904/pdf/43m20f5fn0rqk1.pdf

1 Like
980

Link is not working. Here’s one that does.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01892571

981

The two most valuable properties that Fox have would be Modern Family and This is Us. The Simpsons would be third.

982

Isn’t Modern Family an ABC production?

1 Like
983

I thought it was only distributed by 20th Century Fox.

984

The reason Modern Family and This Is Us are on Ten is the 20C Fox output deal shared with Foxtel.

Production Co: Levitan / Lloyd, 20th Century Fox Television, Steven Levitan Productions

Notable shows produced by 20th Century Fox Television include: … Modern Family, This Is Us,… The X-Files and The Simpsons.

2 Likes
985

The Australian is reporting that Bruce Gordon “may challenge” the sale of Ten to CBS and launch his own counter bid at the creditor’s meeting.

Good luck with that!