Australian TV station Ten in administration after Murdoch-led backers quit

Jun 14, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

SYDNEY (Reuters) – Australian television broadcaster Ten Network Ltd said on Wednesday it would enter voluntary administration after creditors including Lachlan Murdoch declined to extend their support for a $150 million debt guarantee past 2017.