Murdoch, Gordon in Ten deal

Original article by Mitchell Bingemann, Darren Davidson
The Australian – Page: 17 & 27 : 15-Jun-17

Communications Minister Mitch Fifield says the Ten Network’s descent into voluntary administration has demonstrated the need for cross-media ownership reforms. Meanwhile, the struggling free-to-air broadcaster could potentially be privatised after shareholders Lachlan Murdoch and Bruce Gordon joined forces to develop a plan to refinance Ten. Their combined stake in Ten exceeds 22 per cent, but the joint venture arrangement does not breach media ownership or takeover laws.

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