TEN 0.00% 16.0¢ ten network holdings limited

News: Lachlan Murdoch partner in court to delay vote on CBS TV station buyout, page-31

  1. 417 Posts.
    lightbulb Created with Sketch. 4
    not sure if anyone can clarify here but given ten has accumulated losses now over $1.5 billion, would that entity the new owner to tax free profit until earnings reduced this to NIL? Based on tax rate of 30% that could be a $450 million windfall in tax savings to the new owner.

    Would be great if someone could clarify as not 100% sure.
 
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