Supreme court approves CBS takeover of Ten

Lindsay Bennett
By Lindsay Bennett | 10 November 2017

A decision on the future of the Ten Network has just been handed down as Supreme Court judge Ashley Black approved the transfers of shares to media giant CBS marking the crucial final stage of the takeover.

The approval comes despite opposition by three minor shareholders who opposed the transfer.

The $41 million CBS takeover was almost unanimously backed by Ten’s creditors including the broadcaster’s employees at a meeting in September. 

Ten revealed its 2018 programming slate at its annual Upfronts event in Sydney last night. It saw the introduction of new romance formats, comedy and the return of safe tent pole shows. Read more here.

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