Media moguls’ TV bet sours as Ten Network faces insolvency


SYDNEY: Even having Lachlan Murdoch and billionaire James Packer in your corner isn’t enough to save you these days.

Ten Network Holdings Ltd, the smallest of Australia’s three main commercial broadcasters, has entered voluntary administration after losing the support of Murdoch and Australian media owner Bruce Gordon to carry on borrowing.

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Business , Australia , Ten Network , media

   

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