News Corporation co-chairman Lachlan Murdoch faces a choice that could reshape the television industry: allow Network Ten Holdings to fall into receivership or put another $100 million or so of his own wealth on the line.
Both options could resolve a blight on the mini-mogul's investing record.
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Aaron Patrick was a senior correspondent at The Australian Financial Review.
Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com