Channel Ten Put Into Voluntary Administration

BREAKING NEWS

Channel Ten Put Into Voluntary Administration

Network Ten is being put into voluntary administration.

Ten entered a trading halt on Tuesday with the future of the free-to-air broadcaster placed in fresh doubt as it attempts to refinance a crippling loan.

Billionaire shareholders Lachlan Murdoch and Bruce Gordon have confirmed they will not guarantee Ten's $250 million debt renewal due in December.

Fairfax Media report that KordaMentha is likely to be appointed as administrator by the company.

More to come. 

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