Eat News 4745 Posted August 27, 2017 Share Posted August 27, 2017 New York listed-CBS will buy Network Ten from administrators Korda Mentha and receivers PPB Advisory, it emerged on Monday morning. https://www.brisbanetimes.com.au/business/companies/us-company-cbs-to-buy-ten-network-20170828-gy5doc.html Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/ Share on other sites More sharing options...
PAnderson1 27 Posted August 27, 2017 Share Posted August 27, 2017 Never expected something like this... Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182216 Share on other sites More sharing options...
ToriElectra 292 Posted August 28, 2017 Share Posted August 28, 2017 What. The. Hell. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182219 Share on other sites More sharing options...
Eat News 4745 Posted August 28, 2017 Author Share Posted August 28, 2017 .....CBS will also launch "CBS All Access" in Australia, its subscription video on demand service, it announced. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182221 Share on other sites More sharing options...
C Block 1566 Posted August 28, 2017 Share Posted August 28, 2017 I don't know too much about Aussie TV, but I did know that Ten was in bad financial shape. I didn't think CBS would ever be interested, but here we are! Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182224 Share on other sites More sharing options...
onthesea 292 Posted August 28, 2017 Share Posted August 28, 2017 What will happen with Nine's well-established version of 60 Minutes? I don't think that program is going to be taken off the air. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182227 Share on other sites More sharing options...
TSSZNews 1051 Posted August 28, 2017 Share Posted August 28, 2017 This is honestly the best outcome for Ten, by far. CBS has the resources and capital to turn Ten around from both a programming and news/public affairs standpoint. If I'm not mistaken the synergies have already been there for years--CBS owned a third stake in 10 sister network Eleven (and apparently Ten does still run CBS This Morning--thanks onthesea!) The Murdochs ran them to the ground and Ten very likely would have gone under without this. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182228 Share on other sites More sharing options...
onthesea 292 Posted August 28, 2017 Share Posted August 28, 2017 This is honestly the best outcome for Ten, by far. CBS has the resources and capital to turn Ten around from both a programming and news/public affairs standpoint. If I'm not mistaken the synergies have already been there on the news side for years (and not just in presentation--does Ten still run CBS This Morning?) The Murdochs ran them to the ground and Ten very likely would have gone under without this. Yes, Ten still airs CBS This Morning. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182229 Share on other sites More sharing options...
Eat News 4745 Posted August 28, 2017 Author Share Posted August 28, 2017 Yes, Ten still airs CBS This Morning. Just rename that to... "CBS G'day"...mate. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182231 Share on other sites More sharing options...
C Block 1566 Posted August 28, 2017 Share Posted August 28, 2017 This is honestly the best outcome for Ten, by far. CBS has the resources and capital to turn Ten around from both a programming and news/public affairs standpoint. If I'm not mistaken the synergies have already been there for years--CBS owned a third stake in 10 sister network Eleven (and apparently Ten does still run CBS This Morning--thanks onthesea!) The Murdochs ran them to the ground and Ten very likely would have gone under without this. That was always my sense as well. I think Ten is considered pretty high quality for news, even if it's not necessarily #1 (much like CBS). Hugh Riminton is very well-respected as their political editor, and I was a big fan of his when he was an anchor at CNN Hong Kong for a few years. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182234 Share on other sites More sharing options...
NEOMatrix 1299 Posted August 28, 2017 Share Posted August 28, 2017 Kind of surprised that CBS bought Network Ten. Who knows what plans they got for Ten in the long-term. At least CBS can give Ten a shot in the arm when it comes to homegrown programming. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182236 Share on other sites More sharing options...
TheRolyPoly 2415 Posted August 28, 2017 Share Posted August 28, 2017 Wow. CBS buying Network Ten? What a surprise. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182237 Share on other sites More sharing options...
AaronQ 282 Posted August 28, 2017 Share Posted August 28, 2017 Well then Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182242 Share on other sites More sharing options...
CaptainNews 287 Posted August 28, 2017 Share Posted August 28, 2017 I usually have comments but I think my inner self is to excited.... Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182243 Share on other sites More sharing options...
atlnews2 591 Posted August 28, 2017 Share Posted August 28, 2017 What will happen with Nine's well-established version of 60 Minutes? I don't think that program is going to be taken off the air. CBS News has had an exclusive news sharing agreement with Ten for over a decade. Ten would sell/lease the 60 Minutes segments to Nine. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182250 Share on other sites More sharing options...
Journalist 894 Posted August 28, 2017 Share Posted August 28, 2017 The same network formerly owned by Canwest Global for 17 years... is now the network of CBS Corp. Wow. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182254 Share on other sites More sharing options...
SydneyCityTV 16 Posted August 28, 2017 Share Posted August 28, 2017 As someone who lives in Australia, it'll be very interesting to see what a CBS-owned Network Ten is like. Hopefully the new owners will substantially increase funding to the news service and local programing, as well as bidding harder for sporting rights. What will happen with Nine's well-established version of 60 Minutes? I don't think that program is going to be taken off the air. If Nine can continue branding it's breakfast show as Today (despite the Today brand being associated with NBC, which of course has a partnership with Seven for Australian news content), I don't see why they wouldn't be able to continue using the 60 Minutes brand. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182255 Share on other sites More sharing options...
Action Newsroom 1281 Posted August 28, 2017 Share Posted August 28, 2017 Well, this is a shock. But I believe this purchase and change in ownership can turn things around for Ten, as they really need a shot in the arm after their voluntary administration. I'm all for this. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182265 Share on other sites More sharing options...
ChesapeakeTV 311 Posted August 28, 2017 Share Posted August 28, 2017 Holy crap, this was a huge shocker...but I can't disagree with the majority opinion of it being exactly the thing Ten needs. Hope it works out well enough! Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182266 Share on other sites More sharing options...
IndyNewsOpens 83 Posted August 28, 2017 Share Posted August 28, 2017 Whoa. That's all. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182298 Share on other sites More sharing options...
Samantha 2895 Posted August 28, 2017 Share Posted August 28, 2017 Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182329 Share on other sites More sharing options...
ABC 7 Denver 1715 Posted August 28, 2017 Share Posted August 28, 2017 So CBS Australia Eyewitness News? Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182335 Share on other sites More sharing options...
MikePulse 318 Posted August 28, 2017 Share Posted August 28, 2017 Based on the promos the networks have had over the years, was always , , and Ten . Now it just feels more official now that one of us owns them. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182336 Share on other sites More sharing options...
fox2 191 Posted August 28, 2017 Share Posted August 28, 2017 https://www.youtube.com/watch?v=MZXrBX08cQI Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182338 Share on other sites More sharing options...
Darius22 122 Posted August 28, 2017 Share Posted August 28, 2017 I was thinking maybe FOX would buy ten since FOX has studios there. Link to comment https://localnewstalk.net/topic/15891-cbs-buying-network-ten-au/#findComment-182341 Share on other sites More sharing options...
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