Private Equity Wants To Shake Up Channel Ten

Getty/Sean Gallup

Embattled Australian broadcaster Ten Network Holdings is having its tyres kicked by offshore private equity firms.

The AFR reports this morning that “Providence Equity Partners has begun running the numbers on a potential bid for Ten’s equity and debt.”

Ten has been under pressure for some time now as its stable of winners like MasterChef and Offspring is more than outweighed by troubled ratings in its News division and a general lack of advertising revenue.

It is believed that Providence Equity is interested on the basis of mooted Government changes to the cross media ownership laws.

The AFR says that internal sources believe that Ten has a better chance of surviving intact if it is “taken private”.

You can read more here

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.