Original article by Max Mason
The Australian Financial Review – Page: 1 & 18 : 14-Jun-17

Ten Network’s shares went into a trading halt on 13 June 2017, pending a board meeting to discuss the free-to-air broadcaster’s future after three key shareholders elected not to guarantee a new loan facility. KordaMentha is expected to be appointed as administrator following the decision by Lachlan Murdoch, Bruce Gordon and James Packer, who had guaranteed the current $A200m loan facility that expires in late 2017. Murdoch and Gordon have been touted as potential bidders for Ten if cross-media ownership laws are relaxed.

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TEN NETWORK HOLDINGS LIMITED – ASX TEN, KORDA MENTHA AND COLLEAGUES PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, MOELIS AND COMPANY, CBS CORPORATION, 21ST CENTURY FOX INCORPORATED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FOXTEL MANAGEMENT PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, WIN CORPORATION PTY LTD