Ok this is pretty sad….
In the 10 years I have been running TV Tonight I’ve never once had to publish a newspaper ad looking to sell a TV network.
But that is that state of play today, June 22nd 2017.
Administrators KordaMentha have placed a national advertisement seeking Expressions of Interest in a “rare opportunity to recapitalise or acquire an iconic Australian free to air broadcaster.”
It comes a day after the House of Reps voted (and passed) media reforms. Timing, people….! But it will still face stiff opposition in the Senate.
Edit: The ad notes TEN has key franchises including MasterChef, The Bachelor and the Big Bash League and operates in a market that generates a gross revenue of around $3billion.
Korda Mentha are throwing in a transformation strategy which renegotiates key agreements and cost initiatives, there are media reform and licence fee relief just a 10 minute drive away. Don’t ask about how many crew are heading to South Africa, it might make your head spin.
If you have a few million in spare change down the back of your couch, you can reach Ryan Rabbitt or Lachlan Viney at [email protected]
Tell ’em TVT sent you.