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Oct 18, 2012

Bust to boom? How Nine lived to fight another ratings year

Nine's owners CVC and Goldman Sachs lost big in yesterday's deal. Crikey intern Nicholas McCallum breaks down what happened, and who now owns the former "number one" TV network.

Nine Entertainment Co owners CVC Pacific and Goldman Sachs lost big in yesterday’s deal to prevent Channel Nine going under. After two days at the negotiating table, the iconic broadcaster and media conglomerate has staved off filing for bankruptcy to put itself in a better position than it has been in years and in a much better position than its competitors, media analysts have said.

2 comments

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2 thoughts on “Bust to boom? How Nine lived to fight another ratings year

  1. izatso?

    Management. Nein. Choice by merit is not viable. Eventuality’s are someone elses to deal with. Oh My ! Consider the reality ? Impossible. Cover your Arse ? Imperative. Someone Elses Money, Naturally …. Management. Nein.

  2. sickofitall

    ‘Whole’ in its pocket? 😉

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