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Ten Network Holdings Ltd (TEN.AX)

TEN.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ten Network updates on agreement related to its voluntary administration
Tuesday, 10 Oct 2017 02:57am EDT 

Oct 10 (Reuters) - Ten Network Holdings Ltd ::Refers to announcements regarding Deed of Company Arrangement (DOCA) entered into by co and CBS International Television Australia ‍​.Condition to completion of DOCA is deed administrators obtain court order to transfer all shares in co to CBS for nil consideration.Deed administrators have now applied for DOCA-related order in the Supreme Court of New South Wales.Independent Expert's Report prepared by KPMG Corporate Finance values equity in Ten Network as having nil​ value.  Full Article

Kordamentha Restructuring updates on Ten Network Holdings
Wednesday, 27 Sep 2017 03:46am EDT 

Sept 27 (Reuters) - Kordamentha Restructuring: :Justice Black ordered deed administrators file and serve on ASIC any evidence on which they propose to rely by Tuesday 10 Oct 2017.Deed administrators of Ten Network Holdings Limited filed an originating process in supreme court of New South Wales​.Originating process seeking orders that shares in ten be transferred to CBS International Television Australia Pty Ltd​.  Full Article

Ten Network Holdings updates on outcome of second creditors' meeting
Tuesday, 19 Sep 2017 05:22am EDT 

Sept 19 (Reuters) - Ten Network Holdings Ltd ::Updates on outcome of second creditors' meeting.Creditors have resolved that each respective co execute proposed deed of company arrangement with CBS International Television Australia.  Full Article

Kordamentha Restructuring receives revised proposal from Birketu & Illyria to recapitalise Ten
Friday, 15 Sep 2017 04:47am EDT 

Sept 15 (Reuters) - Ten Network Holdings Ltd :Received DOCA proposal from Birketu and Illyria to recapitalise Ten Network.Under terms of revised proposal , there will be increase in maximum payment to unsecured creditors from $35.0m to $55.0m.Under revised proposal, Ten’s unsecured creditors, excluding CBS, will receive $35 mln compared to $32.0m under CBS transaction.  Full Article

Kordamentha Restructuring updates on voluntary administration of Ten Network
Tuesday, 18 Jul 2017 03:05am EDT 

July 18 (Reuters) - Kordamentha Restructuring ::‍Mark Korda, Jarrod Villani,Jenny Nettleton appointed administrators of Ten Group on 14 June ​.Federal court made orders extending convening period for second meetings of creditors for Ten Group Cos to be convened on 20 Nov.Effect of orders is second meeting of creditors for each of Ten Group Cos can be held at any point upto 27 Nov.  Full Article

Beyond International says co has no financial exposure to Ten Network
Tuesday, 27 Jun 2017 07:44pm EDT 

June 28 (Reuters) - Beyond International Ltd ::Advises that company has no financial exposure to Ten Network Holdings Ltd.  Full Article

Ten Network enters voluntary administration
Tuesday, 13 Jun 2017 09:39pm EDT 

June 14 (Reuters) - Ten Network Holdings Ltd ::Ten Group enters voluntary administration.Announces that Mark Korda, Jennifer Nettleton and Jarrod Villani of Korda Mentha appointed as voluntary administrators.Identified initiatives that are expected to have a positive impact on earnings in order of at least $50 million in FY18.Identified initiatives also expected to have a potentially more than $80 million per annum positive impact by FY19​.Reduction in licence costs for ten in FY17 will be in order of $22 million and, in FY18, $12 million​.  Full Article

Ten Network says HY revenue fell 2.5 pct
Wednesday, 26 Apr 2017 07:41pm EDT 

April 27 (Reuters) - Ten Network Holdings Ltd :hy revenue from continuing operations $ 339.735 million versus $348.5 million a year ago.in december 2013 group established a $200m revolving cash advance facility.H1 loss for period attributable to members $232.191 million versus profit of $13.375 million a year ago.group is currently seeking to secure an amended or new borrowing facility with extended maturity and expanded size.size of new facility to be requested by group has potential to be approximately $250m.there is a material uncertainty that may cast significant doubt on group's ability to continue as a going concern.it may be unable to realise its assets and discharge its liabilities in normal course of business..there are ongoing discussions with shareholder guarantors and their advisors to consider necessary financing for group.transformation program is board approved and well developed with material revenue and cost saving opportunities being identified.discussions have commenced with a view to renegotiating material programming contracts.company expects challenging advertising revenue market conditions to continue.."absent any relief in television licence fees, this will result in an underlying ebitda loss for full 2017 finanical year of between $25m and $30m.".  Full Article

Ten Network says signed regional television affiliation agreement with Win Network
Sunday, 22 May 2016 07:22pm EDT 

Ten Network Holdings Ltd : Had signed a new regional television affiliation agreement with win network .Agreement to broadcast ten's premium content and channels across regional Australia.  Full Article

Southern Cross Media says co and Ten Network signed affiliation agreement
Thursday, 19 May 2016 07:48pm EDT 

Southern Cross Media Group Ltd : Ten and Southern Cross Media program deal for northern NSW . Ten Network and Southern Cross Media today announced that they have signed a new affiliation agreement . Agreement for the supply of Ten programming to sca for its northern NSW television licence area. . New agreement is for a term of five years from 1 July 2016 at an increased licence fee .  Full Article

BRIEF-Ten Network updates on agreement related to its voluntary administration

* Refers to announcements regarding Deed of Company Arrangement (DOCA) entered into by co and CBS International Television Australia ‍​