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TEN, Southern Cross in talks.

A raise in affiliate fees is on the table, but there are conflicting reports about bigger deals.

 

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There are conflicting reports today about negotiations between TEN and Southern Cross, ahead of media reform legislation.

Fairfax reported Southern Cross has proposed selling its television assets to TEN to focus on its radio assets.

Southern Cross, headed up by former TEN boss Grant Blackley, has TV assets estimated at $100 million to $120 million.

But News Corp claims industry sources have dismissed speculation they have held negotiations about buying Southern Cross’s regional TV licences.

It notes the two parties are locked in talks about a new programming supply deal, with TEN pushing for a raise in affiliate fees. Southern Cross currently pays 32% of advertising revenue to TEN, lifting to 35% for events.

The current agreement expires in June.

3 Responses

  1. I wonder what’s going to happen with 10 Mildura. It is provided by a consortium of interests from WIN Prime and TEN. I am hoping we don’t lose out altogether.

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