The administrators to the failed Ten Network have backed the proposed sale to the US broadcasting giant CBS as the best possible outcome for secured investors and the broadcaster’s staff.
Mark Korda of the insolvency group KordaMentha has also told the ABC that delayed media reforms in Australia were not a factor in sidelining a bid from the media magnates Lachlan Murdoch and Bruce Gordon.
“I think the (Murdoch/Gordon) bid could have been accepted whether the media laws had changed or not,” Mr Korda told the AM program.
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Read the full article at: http://www.abc.net.au/news/2017-09-05/ten-network-admins-back-sale-to-cbs/8874006
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