As news that Channel 10 is to be placed into voluntary administration echoes around Australia, many are asking what this really means for the network and concern is rife for some Aussie favourites including Offspring, Neighbours, MasterChef and The Project.
What happened?
Channel 10s billionaire shareholders made the decision that they would no longer guarantee a key loan, which put the Network Ten business at risk of insolvency.
The network has since appointed voluntary administrators.
What does it mean for a company to go into voluntary administration?
When a company goes into voluntary administration, it has determined that it is no longer financially sustainable in its current form and sought the protections available under …
Read the full article at: https://www.mybusiness.com.au/growth/3049-is-channel-10-about-to-be-switched-off
