CBS’ purchase of Ten ‘inevitable’ says News Corp’s Michael Miller
The purchase of Ten by CBS is inevitable but no one will have insight into the US network’s plans for the Australian broadcaster until the deal is confirmed, News Corp boss Michael Miller told an audience and Radio Alive 2017 Conference today.
Miller’s comments come three weeks after creditors voted in favour of the US media giant’s offer to buy the network’s business and assets.
The panel: Fox Sports’ Patrick Delaney, Nine’s Hugh Marks, News Corp’s Michael Miller and Southern Cross Austereo’s Grant Blackley
This looks bad for seven and nine. Fundamentally you have a us network and content owner going direct in FTA market locally. That’s a changed dynamic from the habit of carving up us rights at low prices. CBS goes ott as well which is bad for nine and seven in different ways.