Network Ten made a short announcement yesterday to the ASX about its relationship with a major US supplier:
“On 27 October 2017, Twentieth Century Fox Film Corporation issued a letter of termination in respect of the Fox Output Licence Agreement between Fox and Network Ten. The termination was stated to be effective 6 October 2017.”
The news comes a week after TEN revealed it has received clearance from the Foreign Investment Review Board for the transfer of ownership to CBS.
This week TEN is hoping to receive court approval to finalise the transaction.