Source: www.bizjournals.com --- Tuesday, August 29, 2017
CBS has agreed to acquire struggling broadcaster Network Ten. The deal will give the New York-based media company a foothold in Australia just one month after inking a partnership with the BBC. Network Ten has been in voluntary administration (bankruptcy) since June after key investors withdrew financial support following a drop in ad sales and continued losses. The company's existing backers, Bruce Gordon and Lachlan Murdoch — son of Rupert Murdoch — were supposed to takeover with a joint… ...
from Australia http://ift.tt/2vAtkSt
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