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No urgency to accept CBS bid for Ten Network, court told

13 Sep 2017
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There is no urgency for Ten Network creditors to sign off on a recommendation to sell the embattled broadcaster to the US television giant CBS, a court heard today.

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There is no urgency for Ten Network creditors to sign off on a recommendation to sell the embattled broadcaster to the US television giant CBS, a court heard today.

Dr Andrew Bell SC for media baron Bruce Gordon says a deed of company arrangement (DOCA) with CBS does not expire until 15 December this year allowing creditors sufficient time to consider an alternative bid from Gordon and Lachlan Murdoch.

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