My response is this:
https://www.youtube.com/watch?v=7xOFWWkGcFw
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Saying âwill this bloke just die and go awayâ is about as low as it gets.
I know, such a politically incorrect thing to say.
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Actually, oh so politically correct to be hypocritical, and use that type of phrasing about someone you donât like because of their politics.
Of course. Thatâs why individuals who have an interest in other failing media organisations, like Fairfax, also attract the same viciousness on these forums⌠
Had Fairfax put in a bid for Network Ten, it would be rightly laughed off this forum.
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Fairfax is also not in administration and doesnât own a TV network. The newspaper threads donât exactly light up on this forum.
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Sure. Pretty sure interested parties wouldnât have death wished up on them by multiple people, though.
What can I say? People get passionate about their television networks being invaded by giant blue watermarks that distract from the program and potentially could burn-in on some TVs.
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Itâs literally people just venting frustration.
Furthermore, theyâre billionaires. I couldnât give a lesser shit about their feelings and I somehow figure they wonât give a shit about what we say here either.
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KordaMentha issues fresh Ten report ahead of court hearing
Ten Network administrators KordaMentha have released a supplementary report to creditors after recommending CBSâs offer following pressure from rival bidders Lachlan Murdoch and Bruce Gordon.
âOur decision to recommend the CBS transaction followed a thorough review and comparison of the two final bids received. Both the Administrators and the Receivers, having regard to their respective obligations, concluded that the CBS proposal was superior to the Birketu [Gordonâs private company] and Illyria [Murdochâs private investment firm] proposal for creditors generally,â KordaMentha partner Mark Korda said.
Whilst the form of the Birketu and Illyria bid is in no doubt of general interest, it is not the usual practice of Administrators to report details of underbidders.
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You can read the full report here.
Supplementary report to creditors released ahead of second creditorsâ meeting: https://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2017/Supplementary%20Report%20To%20Creditors.pdf
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Surely after that release Gordon & Murdoch will just admit defeat? The CBS bid was clearly the better & safer option.
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Gordon and Murdoch proposed that they would guarantee a new $200 million credit facility with the Commonwealth Bank. So if they are prepared to guarantee a new loan, why did they withdraw their guarantee on the previous loan. 
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Looking at the bids side by side on financial metrics then on regulatory metrics the CBS deal is better.
Why are Gordon and Murdoch suing?
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ego
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I also read the report to say that CBS will vote against any other offers.
âCBS has indicated that it will not support any proposal which is made in the alternative to the CBS DOCA.â
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Spite? (Sore losers.)
PS: For Murdoch this bit may also have encouraged one last ditch re-try (sorry about the formatting but copying from a PDF to a webpage isnât great):
Creditor type Estimated return
Fox (Pool D) Contract to be renegotiated by CBS post Completion1
If not, fixed payment of up to $3.4 million, estimated to be paid in or prior to October 2018 from the Creditorsâ Trust
Well obviously (Iâd be shocked if CBS didnât vote against other offers).
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Under the Gordon and Murdoch proposal Fox was to get $4.1 million, the administrators estimated. Which does seem odd, but itâs in the same ballpark figure as CBS has proposed.
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Do you think Ten will retain itâs deal with 20th Century Fox?