Original article by Madeleine Heffernan
The Australian Financial Review – Page: 21 : 16-Sep-14
It was claimed in the media that Foxtel contemplated a bid for the Ten Network in conjunction with Providence Equity Partners. It is said that the pay-TV group might form a marketing or content alliance with Providence if the US private equity group makes an offer for Ten. Regulators are likely to pay close heed to any alliance between Foxtel and Providence. Foxtel is prohibited by law from owning more than 15 per cent of the commercial TV broadcaster
CORPORATES
FOXTEL MANAGEMENT PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, PROVIDENCE EQUITY PARTNERS INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NOVA ENTERTAINMENT PTY LTD, CONSOLIDATED MEDIA HOLDINGS LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN LABOR PARTY, FAIRFAX MEDIA LIMITED – ASX FXJ