After receiving news that its financial backers, including Lachlan Murdoch, would no longer guarantee a key loan, Ten Network has gone into voluntary administration.
Tag: Ten Network
Ten Network Halts Trading as Backers Pull Out
June 13, 2017
Australia's Ten Network has requested that its shares be placed on a trading halt, as financial backers Lachlan Murdoch and Bruce Gordon will not guarantee further loans to the broadcaster.