Ten Network Holdings

Ten Network Holdings

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Ten Network Holdings

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Description:
Ten Network Holdings Limited, is one of Australia's major media companies. It is headquartered in Melbourne, Australia.

Assets

While originally focusing on running a television network, Ten has recently diversified into a range of other media areas over the past decade. Below are some of the businesses it has run, or is involved with:



CanWest Sale

On 24 September 2009, CanWest announced that it was selling its 50.1% stake in Ten Network Holdings for A$680 million dollars, in order to pay down its significant debt, although it was not enough to save the former parent, which went out of business the next year.

James Packer share purchase

During October 2010, James Packer, (through his private for Consolidated Press Holdings) bought 17.88% of shares in Ten Network Holdings.

Speculation surrounds the future of the Packer investment as upcoming changes to sport broadcast regulation and Ten's low share price in a slowly resurgent market are seen as possible drivers for the current stake.

On 23 February 2011, the board of Ten Network Holdings terminated the contract of CEO Grant Blackley. Lachlan......
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