Original article by Dominic White
The Australian Financial Review – Page: 23 : 16-Dec-15
Lachlan Murdoch and Gina Rinehart are expected to retain their nominees on the new six-person board of Ten Network. The free-to-air broadcaster has allocated three seats to representatives of its four billionaire shareholders. However, Ten is not keen to appoint a nominee of WIN Corporation owner Bruce Gordon, as he also holds a stake in Nine Entertainment Company. WIN’s affiliation agreement with Nine ends on 31 December 2015, and Nine is seeking an increase in WIN’s advertising revenue under a new deal.
CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, WIN CORPORATION PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, BIRKETU PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, SEVEN NETWORK LIMITED, PRIME MEDIA GROUP LIMITED – ASX PRT, FOXTEL MANAGEMENT PTY LTD, HANCOCK PROSPECTING PTY LTD