The Supreme Court of NSW has tentatively approved a court hearing on the proposed transfer of the network’s shares for Tuesday 31 October.
Ten’s administrator, KordaMentha, is expected to issue an independent expert report to shareholders and the market by Tuesday 10 October, according to Fairfax.
The TV network’s shareholders will then have just three days to decide whether or not they want to object to the court’s approval of CBS’ takeover bid.
KordaMentha’s barrister, Tiffany Wong, told the court on Wednesday that the urgent hearing was needed because Ten was struggling to finalising arrangements with content providers and advertisers while in administration.
The lawyers for KordaMentha also told the court that billionarie media moguls Lachlan Murdoch and Bruce Gordon are waiting for the independent expert report to be issued before deciding whether or not they will try one last time to block the sale of Ten to CBS, according to Fairfax.
A British man has made the headlines after he savaged an ice-cream vendor on Facebook for slugging him £10 ($A18.30) for two ice-creams with a Flake. Apparently the high cost of the ice confection treat is due to the current heatwave in the UK (temperatures topping 27 degrees in places) that’s led to people overwhelming […]
JCDecaux today announced conservation organisation, Bush Heritage Australia, as its major charity partner for 2021. The partnership is part of a series of ‘social impact’ initiatives the business is launching this year, under the banner of JCDecauxHEART. JCDecauxHEART focuses on three areas of social impact: health and mental health, environmental sustainability, and enriching urban communities. […]