Ten creditors vote in favour of CBS bid
Ten’s creditors have voted in favour this morning to approve CBS’ offer to buy the network’s business and assets.
It comes a day after media mogul Bruce Gordon lost his battle in court, where attempts to delay the Ten’s creditors’ meetings and prevent bidder CBS from voting on the US company’s Deed Of Company Arrangement failed.
This will be really interesting. CBS content will certainly improve TEN and its OTT offering will make a new platform of susbstance in Oz.
Not good for nine or seven. And you’d have to think Stan is a walking dead.
I think we all welcome more diversity & less Murdoch but it’s a shame there were no Aussie companies in the mix. It will put pressure on Foxtel for sure which will only be good for customers
Great shame that because of delays in media law reform we have lost an asset to an overseas company at a time when so many of our marketing $$s go overseas already.