Business

Aug 28, 2017

CBS swoops on Ten, humiliating Lachlan Murdoch and Bruce Gordon

Media goliath CBS looks set to buy Ten Network Holdings out of administration, surprising prospective buyers Lachlan Murdoch and Bruce Gordon. Stephen Mayne and Glenn Dyer ask: what does this mean for the future of the Australian media landscape?

Lachlan Murdoch and Bruce Gordon have been gazumped and embarrassed by the US$28 billion CBS Corp which has won the auction to buy Ten Network Holdings out of administration.

However, the terms of the deal have not yet been announced and will have to be approved at the second Ten creditors meeting next month, where the Murdoch and Gordon interests could attempt to derail the deal.

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8 comments

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8 thoughts on “CBS swoops on Ten, humiliating Lachlan Murdoch and Bruce Gordon

  1. zut alors

    This is the second piece of cheerful news in recent days (the other being Cousin Jethro’s nomination for New Zealander of the Year).

    Yes, please please CBS, rescue us from the Murdoch monolith.

  2. Tabot Retemt

    The CIA has had a close relationship with CBS for 60 years.

    1. Verity

      And Murdoch is squeaky clean? I dont think so. Fox News.

  3. Camm

    Compared to the other option on the table (News Corp.), this is a significant coup.

  4. old greybearded one

    L O bloody L Murdoch. Shakespeare has it right:
    “For ’tis the sport to have the engineer hoist with his own petard. And ’t shall go hard, but I will delve one yard below their mines,
    And blow them at the moon. Oh, ’tis most sweet!” Hamlet Act 3.

  5. AR

    In this case the devil we don’t know is preferable coz we sure as hell know tuther one.

  6. pinkocommierat

    Gordon and Murdoch are in hospital having emergency treatment for a suspected hubris overdose.

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