Surely there would never be an auction for control of one of Australia’s most iconic media assets and no buyers turn up, right? Wrong. It’s a watershed moment for Australian media.
Canwest
Crikey Says: Seriously, no one will buy Ten
Macquarie emerges from the pack to save Ten
The Ten Network is in the middle of some major changes with Macquarie Media and 81-year-old Bruce Gordon set to emerge as major shareholders. Seriously.
Canwest wins another extension
The Ten Network’s struggling Canadian parent Canwest has announced it has won yet another extension (we’ve lost count) from its senior lenders on a deadline to come up with a recapitalisation plan.
Masterchef tips the scales when it comes to Ten’s revenue raising
It’s marvellous how a program like MasterChef can change hard-bitten bankers and brokers at Macquarie from being sceptics into believers and volunteering to put their money where others might baulk.
Canwest debt deadline drama nears
With all eyes on MasterChef, Network Ten parent Canwest could be about the become The Biggest Loser.
Canwest deadline death throes
The struggle by Canwest Global to stay alive is being threatened by a financial crisis gripping one of its two latest emergency funders.
Canwest thrown lifeline. Again.
The struggling Canwest Global Communications Corp has had its lifeline extended again, for the sixth or seventh time this year.
Ten’s quarterly figures rate badly
Despite a sharp improvement in its ratings performance this year, Ten has lost heavily in their third quarter figures.
Yet another delay (or extension) in Canwest’s death throes
Canwest have another new deadline to save themselves from Bankruptcy.
Canwest tossed a lifeline
Troubled media company Canwest say they have arranged up to $C175 million in new financing, but they’re still hovering on the edge of bankruptcy.
Canwest and INM still struggling
Canwest Global Communications Corp is selling its indirect interests in four Turkish radio stations to keep itself alive and out of receivership, while INM are facing a 200 million euro debt.
Canwest: “The cheque’s in the mail…”
Canada’s biggest media owner, Canwest, its banks and noteholders are still dancing around each other, as the debts mount and the deadlines extend.
Canwest countdown clock ticking
We’ll soon know whether Canwest Global, the parent of the Ten Network, is going to survive yet again, or be put out of its misery.
Canwest, Indy edge closer to the precipice
Canwest Global and the UK’s Independent News & Media are treading a scarily similar path to oblivion.
Media briefs: Canwest and Independent win breathing space on debt
Canwest Global and Independent News and Media have been given more time to repay debt, Nine has a non-exclusive, and could this be the end of MySpace Tom?
Ten Network parent off the air
The Ten Network’s owner, Canwest, is increasingly close to the brink.
The Conrad Black curse strikes again
From his jail cell in America, Conrad Black, the disgraced, convicted former newspaper magnate, has sunk another company, writes Glenn Dyer.
Ten’s parent about to get canned?
The Ten Network continues to watch the financial gyrations of its Canadian parent with resignation and bemusement, writes Glenn Dyer.
Free TV is going cheap
Claims the Seven Network, PBL Media’s Nine Network and ACP are worthless should be taken with a grain of salt, writes Glenn Dyer.
Fairfax Financial eyeing off Canwest
Was last week’s abortive $90 million fund raising by the Ten Network an attempt to bolster its struggling Canadian parent, asks Glenn Dyer?
Ten shares on the nose of brokers
The Ten Network’s attempts to raise up to $90 million in an issue of 120 million shares at 75 cents raises more questions than the announcement answers, writes Glenn Dyer.
CanWest rethink casts a shadow over media earnings for 2009
CanWest has slahed the value of its intagible assets amid uncertainty about 2009, writes Glenn Dyer.
Ten profit puts it in second place
Losses on expanding its outdoor advertising business in the US have pushed down the Ten Network’s 2007 profit, offsetting a recovery in earnings from its TV business, writes Glenn Dyer.
