(Adds details on credit facility, shares on trading halt)
June 13 (Reuters) - Australia's Ten Network Holdings Ltd (TEN) said on Tuesday that News Corp
co-chairman Lachlan Murdoch and a second high-profile backer will not be extending their support for the company's loan facility after 2017. The company had flagged in April that it would need to secure an amendment or a new borrowing facility to ensure it could continue operating after a long period of upheaval.
Murdoch's private company Illyria Pty Ltd and Birketu Pty Ltd, owned by regional television owner Bruce Gordon, will not be extending a credit facility which expires on Dec. 23, 2017, the youth-oriented free-to-air broadcaster said in a statement. [nASXbfPYRx]
Ten has a A$200 million ($150 million) debt facility guaranteed by Murdoch, Gordon and Crown Resorts (CWN) casino magnate James Packer.
Broadcasters and publishers have come under pressure as consumers increasingly view content online through streaming services like Netflix
and Amazon.com Inc's Amazon Prime. Ten asked to have trade in its shares suspended while it considers its position in light of the stance taken by its backers.
Up to Friday's close, Ten's shares had plunged about 82.7 percent this year. The stock touched a record low in May. ($1 = 1.3226 Australian dollars)
