Eat News 4745 Posted August 27, 2017 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
Eat News 4745 Posted August 28, 2017 Author Posted August 28, 2017 .....CBS will also launch "CBS All Access" in Australia, its subscription video on demand service, it announced.
C Block 1573 Posted August 28, 2017 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!
onthesea 292 Posted August 28, 2017 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.
TSSZNews 1052 Posted August 28, 2017 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.
onthesea 292 Posted August 28, 2017 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.
Eat News 4745 Posted August 28, 2017 Author Posted August 28, 2017 Yes, Ten still airs CBS This Morning. Just rename that to... "CBS G'day"...mate.
C Block 1573 Posted August 28, 2017 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.
NEOMatrix 1307 Posted August 28, 2017 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.
TheRolyPoly 2630 Posted August 28, 2017 Posted August 28, 2017 Wow. CBS buying Network Ten? What a surprise.
CaptainNews 287 Posted August 28, 2017 Posted August 28, 2017 I usually have comments but I think my inner self is to excited....
atlnews2 598 Posted August 28, 2017 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.
Journalist 894 Posted August 28, 2017 Posted August 28, 2017 The same network formerly owned by Canwest Global for 17 years... is now the network of CBS Corp. Wow.
SydneyCityTV 16 Posted August 28, 2017 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.
Action Newsroom 1312 Posted August 28, 2017 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.
ChesapeakeTV 312 Posted August 28, 2017 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!
MikePulse 319 Posted August 28, 2017 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.
WestleyWolf 123 Posted August 28, 2017 Posted August 28, 2017 I was thinking maybe FOX would buy ten since FOX has studios there.
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