Bids for taking over Channel TEN are by due Friday, according to media reports, with a view to getting a buyer ready by the end of the month.
That’s when operating funds from Lachlan Murdoch, Bruce Gordon & James Packer run out.
Gordon and Murdoch face examination from the Australian Competition and Consumer Commission with a decision or statement of issues due August 24.
Also in the mix are thought to be US studio CBS, Oaktree Capital Management, New York-based hedge fund Anchorage Capital Group, and private equity and distressed debt firm Lone Star Funds.
Pressure will be on Parliament this week to pass changes to media ownership regulation, if Gordon and Murdoch have a shot at a successful bid.
The matter has been scheduled for debate again on Tuesday.
Labor opposes some of the proposed measures in the bill, meaning the Government is relying on the support of the Senate crossbench to have it passed.
When contacted by the ABC, the Nick Xenophon team, the Greens and One Nation all indicated a deal for their support had not been finalised.
Tasmanian Senator Jacqui Lambie also remains undecided.