market news, page-53

I was reading Nine Network may go into receiveship by the end of year. If that was to happen it will change game especially for TEN. Nine will have to cut cost and will not be able to maintain all sporting right it current hold. NRL want it $100M by Feburary (that tell you NRL does not trust Nine as it has to pay upfront). How is nine going to keep cricket? Ten does have some cash to throw around after capital raising and sale of Eyecorp. Firesale of asset is on at nine after it recently sold it's magazine business.