4 Bids per Fairfax, page-18

I think Bruce Gordon is trying to play hard ball & get TEN for less than 25c or 26c & he has been trying using his proxy director etc to try a LBO (Leveraged Buy Out). The billionaires have said no so Bruce says no takeover to anyone else. A Stalemate has ensued, SP goes down, leaks start from both camps & board becomes dysfunctional. Conclusion, eventually a 3rd commercial television network has a price & someone will come up with an offer in the mid 20s & then the hardball by Bruce Gordon will come out into the open. The billionaires (esp. Gina and others) will eventually come up with a preferred suitor. IMHO but pls DYOR, a good buy at today's SP, the minute it hits mid 20s based on a bid "sell" & don't wait for the afters from Bruce Gordon & the billionaires but pls DYOR as the billionaires have a personal loan on a decent outcome with TEN longer term & r likely to worry about their repayment on TEN to the exclusion of other more difficult considerations. A contrarian buy IMHO, the SP is too low 2 b sensible now.