I think it's Murdoch trying to destroy FTA Sport that competes with Foxtel - much like when they collapsed OneHD when it started taking customers from Foxtel.
I think it's Murdoch trying to destroy FTA Sport that competes with Foxtel - much like when they collapsed OneHD when it started taking customers from Foxtel.
You say that like your average skip bogan meathead regularly watches SBS anywayOriginally Posted by hawk
No they don't
Yes, it will be the Saturday night game instead
Subscribe to The Jetstream Podcast http://www.newcastlefootball.net/podcast
Well SBS didn't do themselves or viewers and favours when they had the Friday night games. From what I can recall they broadcast all the regular season Friday fixtures in SD rather than HD. I do though think that Foxtel handing over the Saturday game for a mere $2 million to Channel Ten, a company they have major shareholdings in is definitely something the ACCC should be investigating.
Last edited by The Dunster; 03-06-2017 at 01:13 PM.
lol, but all people who want to watch football will choose a different number on the remote.
So there is no improvement, apart from Sydney is on every week.
I demand 2 fta games each week
http://www.news.com.au/finance/busin...4da583cf7dea8a
Channel 10 shares placed in trading halt as the network grapples with funding crisis
CHANNEL 10’s future hangs in the balance as the embattled broadcaster struggles to repay its debts.
Ten Network Holdings’ shares have placed into a trading halt this morning, amid speculation the network may announce a voluntary administration after three key backers decided not to support a new funding deal to refinance a $200 million loan.
The Australian reported today Ten shareholders Lachlan Murdoch, Bruce Gordon and James Packer have decided against guaranteeing a new $250 million loan to replace the existing $200 million overdraft, which needs to be repaid to Commonwealth Bank in *December.
The network’s board is weighing its options while the trading halt remains in force, a process that could take several days.
“Over the weekend, Ten received correspondence from financial advisers Illyria Pty Limited and Birketu Pty Limited, two of the shareholders which guarantee the company’s current financial position,” company secretary Stuart Thomas said in an update to the ASX this morning.
“That correspondence confirms that those guarantors do not intend to extend or increase their support for the company’s credit facilities beyond the term of the current facility which expires on 23 December 2017.”
Illyria, Lachlan Murdoch’s private investment vehicle, holds 7.5 per cent of Ten shares, while Bruce Gordon’s Birketu controls 15 per cent. James Packer, is understood to be keen to sell his 7.7 per cent stake, Fairfax Media reports.
Mr Thomas requested that the shares remain in a trading halt for at least 48 hours while the company considered its position and “the range of restructuring and refinancing initiatives underway”.
TOUGH TIMES FOR TELEVISION
Ten, which boasts hit shows The Bachelor and MasterChef and Big Bash cricket, had hoped to secure new funding faded over weekend.
At its recent half-year *results, the company admitted it may not be able to carry on as a going concern after posting a $232.2 million loss.
As Australia’s third-placed free-to-air network, Ten has struggled to raise enough advertising revenue to cover its costs.
The rise of streaming services like Netflix, Stan, Amazon Prime and Foxtel now has put the television industry under pressure, while online media also competes for advertiser dollars.
I have Netflix, Foxtel and Optus.
FTA is dead to me.
Agreed. FTA is just too bloated with ads, promos, and all other sorts of shit to even bother with - let alone the shit programming.
I'd rather watch YouTube than FTA.
fox is also ad-nauseous
Which is annoying because we were always told when pay tv started that subs would replace ad revenue.
The small uptake and small population took paid to that idea
ABC reporting channel ten has gone into voluntary administration.
Hope The Project gets picked up somewhere else. I need some wanker telling Hawk that it's all his fault.
I read somewhere that the owners wanted to go into Vol Admin so they could get out of contracts they had with American Content providers which were shocking for them. Be able to remodel, sign new contracts then all would be well.
If true
Disgraceful behaviour
They signed the deal
Honour the contract you unAustralian ****ers
just renegotiate the simpsons contract
simpsons 23 hours a day, news from 5 to 6
simple really
Makes sense.
Happens in business all the time really.
Will probably just end up owned by a different "company" with the same Directors
Soooo... Fox8 it is then?
Sounds like a good loophole to make use of.
I'm sure you'd be finding all the loopholes if, heaven forbid, you made a bad decision.
Posting Permissions
Reply With Quote