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SYDNEY, July 3 (Reuters) - Australia's Ten Network Holdings Ltd said on Monday administrators had appointed receivers to negotiate existing debt even as the television network continued to trade as a going concern.
Receivers PPB Advisory said it had secured A$30 million ($23.05 million) in funding to keep the company afloat until Aug. 31.
The receivers said the announcement meant Ten would "trade as a going concern" as the sale of the network's business and assets continued. ($1 = 1.3016 Australian dollars) (Reporting by Ben Cooper; Editing by Stephen Coates)