
Network Ten is in voluntary administration
The parent company of the Channel 10 TV network is going into voluntary administration. The move means one of Australia's major commercial TV broadcasters is on life support — but it's a move that may end up dragging it into the digital age and provide competition against streaming-only services like Netflix. The announcement was made in a statement to the ASX. It has apparently been a long time coming, with the network's $60 million share value relatively underpriced for its