{"id":2603,"date":"2012-10-31T00:00:00","date_gmt":"2012-10-31T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvasia\/2012\/10\/31\/ten-sells-off-eye-corp\/"},"modified":"2012-10-31T00:00:00","modified_gmt":"2012-10-31T00:00:00","slug":"ten-sells-off-eye-corp","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvasia\/ten-sells-off-eye-corp\/","title":{"rendered":"Ten Sells Off Eye Corp."},"content":{"rendered":"<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">SYDNEY: Ten Network Holdings has signed a new and unconditional agreement to sell Eye Corp. to Outdoor Media Operations.&nbsp;<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The deal sees Eye&#8217;s operations in Australia, New Zealand, the U.K., the U.S. and Indonesia under new ownership. Outdoor Media Operations, which is controlled by Champ Private Equity, is the owner of oOh!media, an Australia-based outfit specialized in outdoor advertising.<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Eye&#8217;s Australia, New Zealand and Indonesian operations, excluding the retained Australian onerous contracts, are valued at AUS$113 million ($117 million). The sale consideration will comprise $98 million cash and $15 million payable three years after the completion of the sale.<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Ten says that it intends to use the proceeds from the sale to pay down debt.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY: Ten Network Holdings has signed a new and unconditional agreement to sell Eye Corp. to Outdoor Media Operations.&nbsp; The deal sees Eye&#8217;s operations in Australia, New Zealand, the U.K., the U.S. and Indonesia under new ownership. Outdoor Media Operations, which is controlled by Champ Private Equity, is the owner of oOh!media, an Australia-based outfit &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-2603","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ten Sells Off Eye Corp.<\/title>\n<meta name=\"description\" content=\"Ten Sells Off Eye Corp.. SYDNEY, October 31: Ten Network Holdings has signed a new and unconditional agreement to sell Eye Corp. to Outdoor Media Operations. . 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