Ten Network Holdings

While originally focusing on running a television network, Ten has recently diversified into a range of other media areas over the past decade.

In September 1989, following nine months of discussions, Westfield finally got its exit out of television by selling its shareholding of Northern Star Holdings to Broadcom and a consortium of bankers[6] for an eye-watering $450 million loss.

[7] Signalling the cash flows problems incurred by the network at the time, MCA took the company to court over unpaid program supply fees.

In 1995, controlling shareholder Curran sold the Canberra station to Southern Cross Broadcasting after initial court action by Ten Group Limited to stop the transaction in an effort to protect their existing program supply agreement[15] which followed court action by Capital alleging that CanWest had breached legislation on foreign ownership restrictions.

[20] On 24 September 2009, Canwest announced that it was selling its 50.1% stake in Ten Network Holdings for A$680 million (following the 2006 concentration/restriction on Australian media ownership),[21] in order to pay down its significant debt, although it was not enough to save the former parent, which went out of business the next year.

[24] Speculation surrounds the future of the Packer investment as upcoming changes to sport broadcast regulation and Ten's low share price in a slowly resurgent market are seen as possible drivers for the current stake.

[28] On 11 March 2020, Paul Anderson stepped down from his position and he was not directly replaced with Beverley McGarvey promoted to become Chief Content Officer and Executive Vice President across Ten and ViacomCBS Australia & NZ.

[30] On 15 June 2015, Foxtel officially agreed to buyout 15% shares in Ten Network Holdings, pending the approval from the Australian Competition & Consumer Commission.

There were numerous reports stated that Foxtel will push-through the 15% acquisition of Ten once the Australian government will abolish the restriction on cross-media ownership.

Announcing an AU$232 million half-year loss in 2017, Ten Network Holdings warned that there was "significant doubt on the group's ability to continue" and their future hinged on an extension or renewal of an AU$200 million debt guarantee by three of its largest shareholders Lachlan Murdoch, Bruce Gordon and James Packer which expires on 23 December 2017.

[33][34] In response, Ten requested its shares on the Australian Securities Exchange be placed in a 48-hour trading halt while it assessed its options concerning receivership.

[37][38] Upon the news of receivership, Ten's largest shareholders (Murdoch and Gordon) attempted to merge their assets to save Network 10.

[41][42] Gordon and Murdoch, whose joint bid for the company has not been accepted, went to the Supreme Court of New South Wales in an effort to delay CBS's takeover of Ten.

The new brand is used across all of Network 10's platforms and services, and was intended to reflect the broadcaster's positioning as an "adventurous alternative" with a "sense of fun".

[1] On 18 March 2024, it was announced that Beverley McGarvey had been appointed president and CEO of Network 10, head of streaming and regional lead for Australia and New Zealand.