Yesterday’s vote in favour of CBS was a major win for CBS -and for Network TEN staff.
The vote went overwhelmingly to CBS, described by TEN News as “a humiliating corporate defeat ton millionaire mates Lachlan Murdoch and Bruce Gordon (which would have gone down a treat airing on WIN).
“Murdoch’s lawyers had tried to put off today’s creditors meeting,” said reporter Ursula Heger, “but when that was put to a vote, they were the only hands raised in the room.”
No doubt staff had a gutfull of recent mismanagement, constant talk of cutbacks and lack of investment. As TV Tonight revealed last week, Gordon & Murdoch had also planned to cease leasing TEN offices in Sydney, Melbourne & Adelaide. By contrast, the wealthy CBS had no such plans.
“Everybody was going to do equal or better under CBS,” an unnamed employee told Reuters.
“Staff were concerned about the impact on the company or the newsroom if the CBS offer was rejected. Staff are more excited about the company under CBS than they are under the other deal.”
But while the vote was passed the CBS still needs the approval of the Foreign Investment Board and Gordon & Murdoch may yet seek to appeal a court ruling this week, and could go to court again, with FOX, when KordaMentha applies to have shares in the broadcaster transferred to CBS.
— TEN Eyewitness News (@channeltennews) September 19, 2017