Today in Media Files, Ten's creditors have been revealed, and it looks like the company didn't have to be pushed into receivership. Plus: the ABC has cut its Radio National religion editor as its local content production slips.
Ten creditors revealed. In what appears to be a scoopette this morning the Fairfax Media tabloids had details of the creditors to the Ten Network, and they make sober reading. It's clear the company need not have been pushed into administration and, now, receivership. The report reveals that Ten only had $129 million of secured creditors, which in a company with over $600 million a year in revenue seems to be too little to push the company into the corporate knackery.