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Audio
No urgency to accept CBS bid for Ten Network, court told
Publisher
Media ownership
Television
Australia
Description
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.
Publication Details
Copyright:
Australian Broadcasting Corporation 2017
License type:
All Rights Reserved
Access Rights Type:
open
Post date:
14 Sep 2017
