Thursday, 16 November 2017
KordaMentha Restructuring, Administrators of Network Ten, are pleased to announce the completion of the sale of Ten Network Holdings Limited to CBS which occurred around 3:00pm today.

The completion concludes the five-month administration of Network Ten with operational control being handed over to CBS with immediate effect.

Mark Korda stated: “We are very proud to be handing Ten over to CBS. The opportunity to add CBS’ global industry expertise to Ten’s already very talented executive team is a hugely exciting opportunity for Ten. I would like to thank Ten’s employees for the open and embracing manner in which they have engaged with us over the last five months. I would also like to thank Ten’s viewers, advertising clients, content partners and suppliers for their support during this period.”

Media inquiries:

Michael Smith 0411 055 306