Wednesday, 14 June 2017

Network Ten will continue to operate under its existing management and operating structures with KordaMentha oversight. Customers, employees and other stakeholders are assured that the administrators intend to keep the business running. Viewers can expect the same content they currently enjoy on Network Ten.

The appointment will allow the voluntary administrators to explore options for the recapitalisation or sale of Network Ten.

KordaMentha partner Mark Korda said: “Network Ten is a quality free-to-air TV network with a rich history of broadcasting well-known Australian television content. The administrators are confident that the network is an attractive asset which will find a buyer or will be recapitalised.”

Network Ten is a division of Ten Network Holdings, one of Australia’s leading entertainment and news content companies, with free-to-air television and digital media assets. Ten Network Holdings includes three free-to-air television channels – TEN/TEN HD, ELEVEN and ONE – in Australia’s five metropolitan markets of Sydney, Melbourne, Brisbane, Adelaide and Perth, plus the online catch-up and streaming service tenplay.