Reuters logo
CBS Corp agrees to buy Australia's Ten Network
August 27, 2017 / 11:52 PM / 2 months ago

CBS Corp agrees to buy Australia's Ten Network

SYDNEY, Aug 28 (Reuters) - CBS Corp, owner of the most-watched U.S. TV network, agreed to buy Australian free-to-air broadcaster Ten Network Holdings Ltd, the Australian broadcaster’s administrators said on Monday.

“The decision to enter an exclusive transaction deed with CBS followed a rigorous sales process,” PPB Advisory and KordaMentha said in a joint statement.

Ten called in administrators in June. (Reporting by Tom Westbrook in SYDNEY; Editing by Richard Pullin)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below