Ten administrators approve CBS sale

Zoe Samios

September 4, 2017 12:21

US media giant CBS Corporation is one step closer to a deal to purchase Network Ten, as administrators Mark Korda, Jennifer Nettleson, and Jarrod Villani of Korda Mentha confirmed the sale and recapitalisation transaction today.

In a release on the Australian Securities Exchange (ASX), Ten confirmed the refinance part of the transaction had been completed.

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Zoe Samios

Zoe Samios worked at Mumbrella between 2016 and 2019, finishing up as senior media reporter in March 2019.

Topics

and Jarrod Villani ASX Bruce Gordon CBS Corporation James Packer Jennifer Nettleson KordaMentha Lachlan Murdoch Mark Korda Network Ten Ten

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Ten administrators approve CBS sale

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