TEN 0.00% 16.0¢ ten network holdings limited

News: Lachlan Murdoch partner in court to delay vote on CBS TV station buyout, page-6

  1. 1,928 Posts.
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    They can't. It would be too expensive because they can't write of their CBS debt they would have to pay it out otherwise creditors will just say no.

    And that was the flaw in the plan. Assuming they'd let it run down that no one would touch it.

    Would have been cheaper to guarantee the loan.....
 
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