Network Ten won’t line up to buy Southern Cross Austereo’s network of 96 regional television signals, which have in effect been put on the market after a surprise takeover offer from rival ARN.
The TV network, which is owned by US giant Paramount, airs its programs across Southern Cross’s regional network through an affiliate deal that contributed the most of the primarily radio network’s $106.7 million in TV revenue last year.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
