Packer told Ten in January he wanted to pull out
SYDNEY, AUSTRALIA – JUNE 14: It’s a dark for Channel Ten as the network announces it is entering voluntary administration on June 14, 2017 in Sydney, Australia. (Photo by Jessica Hromas/Fairfax Media)
Ten Network’s board knew James Packer was not willing to continue as a shareholder guarantor a full six months before the company went under.
A second creditor’s report released this week includes fresh detail on the demise of Ten including that Mr Packer had signalled in mid-January that he wanted no part in any new deal to refinance the network.
The board though was reassured by Lachlan Murdoch and Bruce Gordon they would “manage” the debt position, accordin…
Read the full article at: http://www.camdencourier.com.au/story/4902885/packer-told-ten-in-january-he-wanted-to-pull-out/?cs=5688
