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Rupert Murdoch's Fox joins court challenge to CBS' Australian TV buyout

Reuters  |  SYDNEY 

By Tom WestbrookSYDNEY (Reuters) - Rupert Murdoch's Twenty-First Century Fox Inc joined a court challenge on Tuesday against rival U.S. cable network CBS Corp's proposed buyout of struggling Australian television broadcaster Ten Network Holdings Ltd.The U.S. broadcasting heavyweights faced off in the Australian courtroom amid a battle for control of Ten, a ratings laggard which went into administration three months ago following long declines in viewership and advertising revenue.Lawyers for Ten said the private company of Murdoch's son, Fox Executive Chairman Lachlan Murdoch, had offered to ...

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First Published: Tue, September 12 2017. 10:06 IST