Ten has recorded its best summer ratings performance in a decade thanks to its broadcasting of the Big Bash League, a possible sign its broadcasting strategy is stabilising.
Media mogul Bruce Gordon is preparing to mount a counter proposal for the Ten Network after indicating he will not support a joint bid from Foxtel and Discovery Communications.
In another twist in the ongoing battle for Ten, it’s understood the 85-year-old billionaire, whose private companies control just under 15 per cent of the network, will propose a complex debt restructure in the coming weeks.
Gordon is unable to comment due to non-disclosure confidentiality agreements, but it is believed his lawyers and advisers, including KPMG, are devising a deal that would increase his economic interest in Ten without increasing his shareholding.
The owner of independent regional television company WIN Corp cannot increase his stake in Ten due to restrictive media ownership and concentration laws that prevent broadcast licence owners from reaching more than 75 per cent of the population.
Under one scenario, Mr Gordon can assume full responsibility for the debt guarantee already in place or through the issue of new convertible notes in exchange for an injection of funding.
The proposal is likely to be lodged with Ten’s independent directors and adviser Citigroup within weeks.
For the full story, click here. Image via news.com.au
B2B marketers could learn a thing or two from their B2C colleagues, argues WP Engine VP APAC sales Mark Randall in this guest post. It surprises me how many B2B organisations are not quite hitting the mark when it comes to reaching their audience. When talking directly to businesses, many brands are missing an opportunity […]
The majority of adverts uploaded to Facebook aren’t created for Facebook as its priority. This is causing huge inefficiencies and poor performance for brands, many of whom are facing up to shrinking budgets. Tom Phillips (main photo) managing director at Connecting Plots shares lessons from 12 campaigns they optimised for auto brands… It’s no secret […]
On Wednesday, 21 October 2020, the PR industry was bolstered by the launch of the Public Relations Institute of Australia’s (PRIA) first University Mentoring Program in New South Wales, adapting the traditional face-to-face program to a virtual format for the first time. In collaboration with the University of Technology Sydney (UTS), the PRIA NSW Young […]
JCDecaux has developed a dynamic digital campaign with live timetable data where commuters can access their money from MyPayNow while waiting for the bus. In an exclusive nationwide Out-Of-Home campaign, JCDecaux’s SMARTFRAME digital assets are broadcasting bus arrival times, letting commuters know how far away their next bus is – and just how easy it […]
Rokt has today announced an investment of US$80M. The capital will help accelerate research & development and support the expansion of its client base into new verticals and geographies as Rokt continues to make e-commerce smarter, faster, and better. The funding round was led by Rokt’s largest institutional shareholder TDM Growth Partners , and supported […]
PayPal Australia and Buy From The Bush have joined forces to launch a new online marketplace to showcase rural Australian small businesses in time for Christmas. The expanded partnership aims to build stronger connections between bush businesses and Australians in cities and suburbs across the country. The new Buy From The Bush Marketplace is an […]