CBS backing will boost Ten, says Anderson

Original article by Max Mason
The Australian Financial Review – Page: 34 : 16-Nov-17

Ten Network’s administrator KordaMentha has formally applied to have the broadcaster’s shares delisted by the Australian Securities Exchange following its acquisition by CBS Corporation. Ten CEO Paul Anderson says CBS has indicated that content will be its top priority for Ten, and he stresses that although ownership by the US media group will strengthen Ten’s financial position it must still be profitable and deliver CBS a return on its investment. He has also praised Ten’s employees for continuing to support the network while it was in administration.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TENCBS CORPORATIONKORDA MENTHA AND COLLEAGUES PTY LTD

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