May 20, 2014

Forget ITV, the real story is that Ten’s owners are looking to sell

There have been reports that UK commercial channel ITV is thinking about buying a stake in Channel Ten. This is rubbish.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

“UK network in talks with Ten,” blared the bottom of page 1 story in The Australian Financial Review this morning, claiming that United Kingdom commercial channel ITV was in talks with Ten about a possible stake.Well, according to ITV watchers in London, that’s a case of Ten trying to talk up itself as an attractive candidate to any dumbo out there mad enough to be thinking about investing in Australian free-to-air TV.

There are lots of reasons why ITV would not be interested.

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3 thoughts on “Forget ITV, the real story is that Ten’s owners are looking to sell

  1. Luke Helbling

    Just you wait. Next budget the govt will sell off ABC and SBS and nationalise 10 to payback their political/financial/ideological bedfellows. Not that I’m cynical or anything…

  2. chpowell

    Lachlan Murdoch: The dumbest guy in the room.

  3. green-orange

    The four barons have an agreement which effectively swaps debt for equity in the event of a financial shortfall, so they don’t need the premium. This is a bit of eyewash to placate the shareholders.

    Fox Broadcasting, the terrestrial US network, is flush with cash and has a lot of exclusive supply agreements with production companies in the US and UK. The USFTA would enable them to be a “silent” investor without breaching the foreign ownership regulations. The only stumbling block would be US creditors.

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