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They are campaigning for media law reform during last few years while TEN made loss every year.
They were trying to cut expenses and costs for last few years, but IMO it was not enough.
Now they should do some actions like belows;
To get takeover bid.
To resture TEN strongly.
To get refinance early.
To privatise TEN at reasonable price.
To raise capital at reasonable share price.
To be merged into other media company.
IMO,anybody can run a company as a loss maker.
We have a too long dark tunnel to reform the media law.
Federal government should reduce the licence fee for free to air TV to less than 0.5% of TV revenues like other countries.
What a shame on loss maker!