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Network Ten board weighs up free-to-broadcaster's future

Max Mason

Network Ten's board of directors will use the next two days to decide whether to appoint an administrator to the free-to-air broadcaster or keep pursuing refinancing options to keep the company afloat.

On Tuesday, Ten confirmed revelations in The Australian Financial Review on Sunday that its billionaire shareholders, who are guarantors of a $200 million loan which expires in December, would no longer support the broadcaster as it looks for a new $250 million loan.

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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

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    Original URL: https://www.afr.com/business/media-and-marketing/tv/network-ten-board-weighs-up-freetobroadcasters-future-20170612-gwpsub.html