Original article by Max Mason
The Australian Financial Review – Page: 11 & 16 : 13-Jun-17

Moelis & Company is said to be confident of securing a new $A250m financing deal for Ten Network after Bruce Gordon, James Packer and Lachlan Murdoch chose not to back it. They had guaranteed the network’s existing $A200m loan facility, which expires in late 2017. Murdoch and Gordon are seen as potential buyers of Ten if it goes into receivership, although they would require changes to cross-media ownership laws. Meanwhile, Ten is seeking to reduce costs by renegotiating US content deals with CBS and 21st Century Fox, which are worth about $A150m a year.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, CBS CORPORATION, 21ST CENTURY FOX INCORPORATED, MOELIS AND COMPANY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NEWS CORPORATION – ASX NWS, FOXTEL MANAGEMENT PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, STAN ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, NETFLIX INCORPORATED, UBS HOLDINGS PTY LTD, WIN CORPORATION PTY LTD, LAZARD ASSET MANAGEMENT PACIFIC COMPANY