Minister for Communications and the Arts Mitch Fifield has called on Bill Shorten and Labor to show they care about the Australian media industry and support the proposed media reforms, following the news of Tens voluntary administration this morning. In a statement, Fifield said Tens announcement of voluntary administration was a wake-up call to the…
Wednesday June 14, 2017 Ten Network has announced it will go into voluntary administration, a day after its billionaire shareholders refused to back a new finance package. SA’s new political front as Brokenshire targets Qatari investment … Read the full article at: http://indaily.com.au/news/2017/06/14/ten-goes-voluntary-administration/
Written by George Mathew | Mumbai | Updated: June 14, 2017 7:36 am The IAC noted that under the recommended criterion, 12 accounts adding up to about 25 per cent of the current gross NPAs of the banking system would qualify for immediate reference under IBC, the RBI said on Tuesday. The Reserve Bank of…
Australia’s third-placed TV network Ten has entered voluntary administration after three of its biggest commercial backers shied away from providing ongoing support to the business. The news was first revealed by Fairfax Media and formally confirmed today. Fairfax Media reports Korda Mentha will be appointed as administrator. The administrators are Mark Korda, Jennifer Nettleton and Jarrod Villani. Ten…
Channel Ten has been forced to go into voluntary administration after its billionaire shareholders told it on the weekend they would no longer guarantee a key loan. The TV broadcaster has appointed KordaMentha as voluntary administrators of the company and its subsidiaries, it announced in a statement to the ASX on Wednesday morning. Play Video Don’t Play Uber CEO takes…
Following news yesterday that Australian TV network Channel Ten had suspended trading of its shares following news that a number of key shareholders would not guarantee the companys future, it has now been confirmed that the company will be placed into voluntary administration. This is extremely disappointing for all of us, said Ten CEO Paul Anderson in a meeting…
By Dominic Powell and Emma Koehn. Ten Network Holdings has been placed in a trading halt until Thursday. The company told the the market on Tuesday that two of the shareholders guaranteeing the TV networks loan facility have refused to extend support for it beyond December. The Australian reports financial advisors for Lachlan Murdoch and…
A PITTSWORTH egg producer has gone into voluntary administration and the advisory firm appointed is concerned for the welfare of its hens. Insolvency service Cor Cordis announced yesterday it has been appointed voluntary administrators of Darling Downs Fresh Eggs. The family-owned business has provided farm-fresh eggs for more than 16 years. Cor Cordis partners Darryl Kirk…
A former bankrupt masterminded a large and sophisticated tax-evasion scheme involving a complex web of companies in order to defraud the Australian Taxation Office (ATO), a court has been told. The Federal Court heard last week that Philip Whiteman also installed people including a homeless man as company directors without their knowledge in order…
Potential rescuers are already starting to emerge as administrators start to review the books of the collapsed Australian franchise of Topshop and Topman. The Australian franchise of the UK fast fashion brands collapsed into voluntary administration on Wednesday. Administrators from Ferrier Hodgson were appointed to Austradia Pty Ltd, which operates nine stand-alone Topshop and Topman stores…