Paramount Australia & New Zealand

How does CBS have so much cash to splash around buying Ch 10 ?

WIN are scared of the potential for investment and a fresh media organisation running their affiliate? Gordon has lost the plot if that’s the case. If Gordon wants WIN to do well, he should sit aside and hope CBS boost Ten and WIN’s ratings. Murdoch will sell Ten up a river and fuck WIN in the process.

Foxtel’s sorry foxtel’s strategy isn’t sensible either. They would be far better off transforming their business to suit the 21st Century, rather than merely shutting down existing competition.

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It hasn’t fit Ten’s young demographics previously, actually Fox has been a better match for Ten.

But if CBS buy TEN, I think it’s fair to say they might try to bring all their programming to Ten, and they’ll certainly look broadly at how to make Ten work (whatever that answer may be!).

Yes while Fox and Ten have some synergies, WIN didn’t want the younger audiences, and enjoyed 9’s ratings and audience previously. So for them a CBS owned TEN is better than a Foxtel-owned TEN… but is CBS owned TEN better than a Foxtel+WIN owned TEN?

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Bruce doesn’t care about doing well. He’s so old he could never spend all the money he has, so there’s no incentive for him to make any more.
What he really cares about is power - and the more shit he owns and controls, the more power he has.

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But he’s ready to drop dead. Why does he need power? Does he realise how shit the WIN network actually is?

Gordon’s appealing. For fuck sake. The longer this takes the worse it is for ten. They’re driving it down to death.

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Knowing this is the same person who (unsuccessfully) sued it’s former network affiliate because they livestreamed network channels over the internet, why am I not overly surprised?

They’ll probably have a beer together this afternoon after work.

SMH saying that Ten staff will vote in favour of CBS. Staff have the majority on a show of hands, while CBS have a majority as the largest creditor.

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Very good analysis from Elizabeth Knight in that article. The staff were always voting for CBS.

Imagine pyrmont and como center being shut down … ten would barely remain as a broadcaster under those idiots.

The arrogance and ego is astounding. They fucked up and are scrambling.

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http://www.theaustralian.com.au/business/media/bruce-gordon-loses-ten-network-takeover-case/news-story/a001886314a2166ebf2e30d24e358520

Ten reported in their news that the appeal has been lodged.

This looks like going on and on.

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Onya Mal

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:clap::raised_hands::clap:

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I still quite do not understand how KordaMentha can present an alternate bid after it was submitted two weeks later and after the rival bid was revealed.

Aren’t tenders done in a confidential manner?

Let’s hope the court throws out the appeal and wastes more of their money.

You’d think they’re so hell bent on owning ten because they wasted so much money on it before.

And as for no redundancies in the initial bid… that doesn’t mean it won’t happen once the network is “restructured” to save costs by closing offices and the news department.

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Gordon gets away with a lot as an affiliate - CBS are notoriously tough on affilates

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I’m thinking based on a couple of things the judge said that the decision is in the hands of the creditors. It isn’t up to a court to say which is the best bid and even if it did there is nothing to force the creditors to pick the “best” bid. Gordon/Murdoch can have a higher value bid and still not succeed. Creditors can vote for whatever bid they want.

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CBS increases bid for TEN

US Entertainment group CBS has slightly increased its offer for the Ten network to offset the higher bid from Bruce Gordon and Lachlan Murdoch.

Last night CBS said it would increase the payout to Fox to $12 million from its original offer of $3.4 million and it would cancel its warranty of $5 million on the creditors trust.

The changes according to Administrator Mark Korda mean all creditors are now at least or better off with the CBS deal compared to the rival Murdoch and Gordon claim.

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Well done CBS. They obviously want this network to expand their dealings across the world.

There really is now no compelling reason for Murdoch and Gordon’s bid. They are rubbish.

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I’m not surprised. This potentially negates any appeal as well because even if all aspects of the previous judgment were reversed to make CBS’s vote worth $1 and the Gordon/Murdoch bid put to meeting the result of a creditors meeting would be the same. By number the CBS bid would win and even if the by value vote was lost the administrator has the casting vote (my understanding anyway!). However, 20 C Fox should now really vote in favour of the CBS deal based on value.

Original source of new bid story.

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