Network Ten goes into administration, but government still faces stiff media reform opposition

Max Mason, Andrew Tillett and Aaron Patrick

Updated Jun 15, 2017 – 7.35am, first published at Jun 14, 2017 – 7.30pm

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Bruce Gordon and Lachlan Murdoch are forming a joint venture to restructure Network Ten, which could result in the pair taking the broadcaster private if Communications Minister Mitch Fifield can pressure Labor, the Greens, or the crossbench enough to pass changes to media ownership regulation.

On Wednesday morning, Ten's board of directors put the free-to-air broadcaster, home of The Biggest Loser and Masterchef, into voluntary administration, as foreshadowed by The Australian Financial Review on Tuesday night.

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

Andrew Tillett writes on politics, foreign affairs, defence and security from the Canberra press gallery.

Aaron Patrick was a senior correspondent at The Australian Financial Review.