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Ten jobs 'at risk' from Gordon challenge

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September 11, 2017

Ten Network's administrators say media mogul Bruce Gordon is putting jobs at risk.

Ten Network's administrators say Bruce Gordon is putting jobs at risk by challenging the troubled broadcast's takeover by US media giant CBS.

Mr Gordon's Birketu had secured regulatory approval to make a joint bid for the free-to-air network, but regional affiliate WIN - which is majority owned by Mr Gordon - last week made an urgent application to the NSW Supreme Court after administrator KordaMentha instead recommended a rival offer from CBS.

"It is disappointing that Birketu - either directly or via related parties - has pursued court action, delaying the creditors' vote and putting at risk the certainty provided to 750 employees and creditors under the CBS transaction," KordaMentha senior partner Mark Korda said in a statement.

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