Confirms my earlier point why TEN is a good buy ...packer/murdoch paid $1.65 as did Gina Rhinhart and Bruce Gordon (WIN TV) average must be close to $2.50. Fox Sports is 50% owned by Packer (ACM) and Murdoch who then sell the content to foxtel. Seems almost a certainty they will offer Ten's One channel more content hence boasting revenues. And adding more channels to fill with fox content. There seems to be little downside and possibly considerable upside plus a good yield while we wait.
Also Channel 7 and Nine are really running at max so Ten could really cut into their sports revenues in time. I like it at this level. And a takeout is just a bonus DYOR just my humble thoughts
TEN Price at posting:
$1.37 Sentiment: LT Buy Disclosure: Held