It is no secret that James Packer and outgoing Channel Ten executive chairman Nick Falloon aren’t the best of friends.
Canwest
Let’s remember Packer isn’t very good at TV
James Packer is not and has never been a positive influence in TV. He has been sceptical about the future of FTA TV and print, enthusiastic about new media. He never wanted to stay in the old media, rejecting it for gambling.
Business As Usual: Oil spill cost up to $12.5b … the end nigh for Camwest
The split up and sale of the bankrupt Canwest TV and newspaper interests is heading for the end game, The UK gears for unremitting post-election gloom and other business news.
Business As Usual: Lehman launches repayment plan … Indian revolt hits housing prices …
Lenhan has announced plans to repay a lot of money, but it’s a move likely to make the lawyers rich, the US job market may soon experience a spike, how food prices will affect inflation in the US, and more business briefs.
Business As Usual: All hail and, well, big insurance claims … more US banks go …
Natural disasters are going to have a big say in the fortunes of insurance companies, 26 more US banks have gone down the tube, China’s exchange rate is steady as she goes, some encouragement in the latest US job figures and more business briefs.
Business As Usual: Canwest tricks … Banks down the gurgler … Land of hope and glory
There’s a bunfight going on over Canwest’s TV businness; US banks are still struggling, as is the property market; Ireland is still short of a quid; and the sherry is at the ready as the country waits for the latest economic figures.
Business As Usual: The European crisis … Japan holds on … Canwest lifeline
The Aussie dollar’s performance against the euro has snuck up, Greece is in deeper economic woe than anyone thought, Canwest has been thrown a lifeline and the Reserve Bank to speak in today’s business wrap.
Crikey Says: Seriously, no one will buy Ten
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.
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.
