Skip to content
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
Insolvency GuardianInsolvency Guardian
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact
1300 60 70 60
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact

Ten’s journey into hands of US giant CBS – SBS

Ten’s history shows Australia’s third free-to-air network struggling against a backdrop of declining advertising revenue, increasing competition and leadership tussles.

1964 – Launched as ATV-0 and owned by the Ansett transport and media group

1979 – Rupert Murdoch gains a 50 per cent stake in Ansett, giving him control of channel 0

1980 – The broadcaster becomes known as Network Ten

1987 – Murdoch becomes an American citizen and is obliged under Australia’s media ownership laws to sell the television station to Northern Star, an offshoot of Frank Lowy’s Westfield Group, for $950 million

1989 – Westfield sells Ten’s Sydney and Melbourne stations to Steve Cosser’s Broadcom. The other stations were folded into Capital, wi…

Read the full article at: http://www.sbs.com.au/news/article/2017/11/10/tens-journey-hands-us-giant-cbs

Category: LiquidationBy Insolvency GuardianNovember 9, 2017

Post navigation

PreviousPrevious post:Banks using cynical legal manoeuvres to avoid mortgage write-downs – Irish TimesNextNext post:Venezuela Just 24 Hours Away From Formal Declaration Of Default – Yahoo News

Related Posts

Business registrations and bankruptcies up in Q4 2025 – News articles
October 31, 2026
IBBI amends insolvency rules for real estate projects; aims to speed up resolution and protect homebuyers – Moneycontrol.com
October 31, 2026
SARS is seizing property and liquidating companies as it hunts for R451 billion in outstanding tax debt – Daily Investor
October 31, 2026
NCLT Bengaluru Dissolves Sezzle Payments After Completion Of Voluntary Liquidation
October 31, 2026
UK perfume brand to close after 19 years as it enters liquidation
October 31, 2026
NCLT Bengaluru Orders Dissolution Of Chanel India Business Solutions After Voluntary Liquidation – LiveLawBiz
October 31, 2026

Ten’s journey into hands of US giant CBS – SBS

Ten’s history shows Australia’s third free-to-air network struggling against a backdrop of declining advertising revenue, increasing competition and leadership tussles.

1964 – Launched as ATV-0 and owned by the Ansett transport and media group

1979 – Rupert Murdoch gains a 50 per cent stake in Ansett, giving him control of channel 0

1980 – The broadcaster becomes known as Network Ten

1987 – Murdoch becomes an American citizen and is obliged under Australia’s media ownership laws to sell the television station to Northern Star, an offshoot of Frank Lowy’s Westfield Group, for $950 million

1989 – Westfield sells Ten’s Sydney and Melbourne stations to Steve Cosser’s Broadcom. The other stations were folded into Capital, wi…

Read the full article at: http://www.sbs.com.au/news/article/2017/09/19/tens-journey-hands-us-giant-cbs

Category: LiquidationBy Insolvency GuardianSeptember 19, 2017

Post navigation

PreviousPrevious post:Do the New Safe Harbour Laws Quell Insolvency Fears? – The Urban DeveloperNextNext post:Can Bankrupt Puerto Rico Afford Another Hurricane? – euronews

Related Posts

Business registrations and bankruptcies up in Q4 2025 – News articles
October 31, 2026
IBBI amends insolvency rules for real estate projects; aims to speed up resolution and protect homebuyers – Moneycontrol.com
October 31, 2026
SARS is seizing property and liquidating companies as it hunts for R451 billion in outstanding tax debt – Daily Investor
October 31, 2026
NCLT Bengaluru Dissolves Sezzle Payments After Completion Of Voluntary Liquidation
October 31, 2026
UK perfume brand to close after 19 years as it enters liquidation
October 31, 2026
NCLT Bengaluru Orders Dissolution Of Chanel India Business Solutions After Voluntary Liquidation – LiveLawBiz
October 31, 2026
Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button