TEN NETWORK HOLDINGS LIMITED (ASX.TEN)

Since delisting from ASX this entity has been privatised. We are no longer monitoring its activities.

The Australian Tax Office says: Shareholders of TNHL will need to account for a capital gains tax event occurring on the takeover date. It is expected that taxpayers will calculate an amount of capital loss which can be offset against any capital gains arising in the 2018 year. Example: Andrew purchased 1000 TNHL shares in 2012 for $2,120 ($2.12 per share). His brokerage costs were $50, making his cost base $2,170, or $2.14 per share. The receivers and managers of TNHL transferred Andrew's shares to CBS Network Ten BV for no consideration pursuant to the court order. Andrew calculates his capital losses as follows: capital proceeds - $0.00 cost base of the shares - $2,170 capital losses - $2,170

delisted from the close of trading on Friday, 24 November 2017 pursuant to Listing rule 17.11.

we understand all shares in TEN were transferred to CBS International Television Australia for nil consideration following TEN's failure and subsequent administration

The Deed Administrators provided an undertaking to the Supreme Court of New South Wales that they would not implement the transfer of the shares in Ten to CBS prior to 5pm on Tuesday, 14 November 2017 to allow time for the interested persons who appeared to oppose the s444GA Application to consider their position. No further action has been taken by the interested persons. With the satisfaction of all conditions precedent: all shares in Ten have been transferred to CBS; completion has occurred under the DOCA, meaning Ten is no longer subject to the DOCA; and the receivers and managers have retired.

TEN has applied to ASX to remove TEN from the official list of ASX subject to, and effective following, the transfer of all shares in TEN to CBS under the DOCA. TEN seeks to be removed from the official list because the effect of completion of the share transfer is that there will be no quoted securities in Ten, and TEN will become a wholly-owned subsidiary of CBS Network Ten BV. In these circumstances, there are no consequential implications for Ten or its security holders.

Justice Black has today delivered judgement in relation to the s444GA Application and has granted leave to the Deed Administrators to transfer the shares in Ten to CBS as provided for in the DOCA. The Deed Administrators have provided an undertaking to the Court that they will not implement the transfer of the shares in Ten to CBS prior to 5pm on Tuesday, 14 November 2017 to allow those interested persons who appeared to oppose the s444GA Application to consider their position.

On 27 October 2017, Twentieth Century Fox Film Corporation (Australia) Pty Limited issued a letter of termination in respect of the Fox Output License Agreement between Fox and Network Ten Pty Limited. The termination was stated to be effective 6 October 2017.

On 18 October 2017, the Foreign Investment Review Board advised that the Commonwealth has no objection to the acquisition of up to a 100% interest in Ten by CBS Corporation or its wholly owned nominee.

The s444GA Application was before Justice Black for a further directions hearing on 16 October 2017. Justice Black confirmed the hearing date for the s444GA Application and it remains listed for a hearing commencing at 10am on 31 October 2017 for up to three days with liberty to apply to the Court on one business days' notice specifying the relief sought, including in respect of any application by Mr Du or Mr Gubbay to defer the hearing date with supporting evidence. Supplementary evidence should be filed by 4pm on 23 October 2017. The deed administrators' submissions are to be filed and served by 4pm on 27 October 2017. Any interested person that has filed a Notice of Appearance in the proceedings to file and serve their submissions by 30 October 2017.

The administrators release an explanatory statement that describes the process and provides details on how a shareholder who wishes to make an objection to the share transfer -- all shares in TEN to CBS Australia -- should do so. The explanatory statement includes an independent expert's report which values the equity in TEN. The IER concludes that the equity in TEN has nil value.

On 25 September, the deed administrators filed an originating procses in the Supreme Court of New South Wales seeking orders that the shares in Ten be transferred to CBS International Television Australia. Justice Black ordered that the application be tentatively listed for hearing for 3 days from 31 October 2017. He also ordered that the administrators file and serve on ASIC any evidence on which they propose to rely by 10 October 2017 and noted that the administrators propose to make an independent expert's report by no later than 10 October 2017.

At the second meeting of creditors for the Ten Group Companies, the creditors of each of the Ten Group Companies have resolved that each respective company execute the proposed deed of company arrangement with CBS International Television Australia Pty Limited.

The Administrators of the Ten Group have received a letter from the advisors to Birketu Pty Limited and Illyria Nominees Television Pty Limited as trustee for the Illyria Investment Trust No 4. This is regarding a further DOCA proposal to be put to creditors at the second meeting of creditors.

The company releases a supplemental report to creditors. The second meeting of creditors will now be held at the sydney Harbour Marriott, 30 Pitt Street, Sydney NSW at 11:00am on 19 September 2017.

The Supreme Court of New South Wales indicated that it will shortly make orders to adjourn the second meetings of creditors until 11 am on 19 September 2017.

The administrators issued their report to creditors ahead of the second meeting of creditors to decide the future of the Ten Group. In the report, the administrators expressed that in their opinion it is in the creditors' interests for the Ten Group to execute the DOCA proposed by CBS. The second meetings of creditors will be held on 12 September 2017 with registration starting from 10am with the meeting commencing at 11.00am. The meeting will be held at Sydney Harbour Marriott, 30 Pitt Street, Sydney NSW 2000.

The administrators and the receivers and managers have progressed the sale and recapitalisation transaction with wholly owned entities of CBS. On 1 September, the refinance component of the transaction was completed, with CBS funding approximately ~A$142.7m million by way of loan, to refinance the secured debt of the Company, including the shareholder guarantor fees. A working capital facility of A$30 million has also been made available as part of the refinance.

The administrators and the receivers and managers have entered into binding transaction documents with wholly owned entities of CBS Corporation, a NYSE listed corporation. The transaction contemplates an acquisition of the Company by CBS, which will be effected by way of a refinance of existing secured debt arrangements (including shareholder guarantor fees) in full and a DOCA that will be put to creditors at the second creditors meeting.

Pursuant to Instrument 2015/251 the Company's obligation to report to its members or lodge its annual financial report for the year ended 31 August 2017 is deferred for a period of six months from the commencement of the Administration. The last day of the deferral period is 14 December 2017.

The ACCC has announced that it will not oppose Birketu and Illyria Nominees Television's proposed joint bid to acquire Ten Network Holdings Limited. Birketu, owned by Bruce Gordon, and Illyria, owned by Lachlan Murdoch, propose to each acquire a 50 per cent interest in Ten, and to operate it as a joint venture entity. Mr Gordon and Mr Murdoch have links with a number of media assets in Australia.

The company issues a response to ASX Query.

On the application of the administrators, the Federal Court of Australia has made orders extending the convening period for the second meeting of creditors for the Ten Group Companies to be convened to midnight on 20 November 2017. The effect of the orders is that the second meeting of creditors for each of the Ten Group Companies can be held at any point up to 27 November 2017, giving 5 business days notice to creditors.

The receivers and managers have appointed Moelis & Co to act as the independent advisor for the sale or recapitalisation of the business and assets of Network Ten. Moelis & Co will assist the Receivers and Managers as they conduct a competitive process to identify a suitable party to purchase or recapitalise the business and assets of Network Ten.

Christopher Hill, Philip Carter and David McEvoy of PPB Advisory were appointed receivers and managers of Ten Network Holdings Limited and the companies after the close of business on 30 June 2017. The Receivers and Managers have negotiated an amendment and restatement of Ten Network Holdings Limited's existing facility agreement, with continuing support from the shareholder guarantors, in order to secure a $30m funding package, which is available until 31 August 2017.

The company welcomes the announcement by the Federal Government yesterday that it will abolish license fees payable by Australian commercial free-to-air television and radio broadcasters for the 2016- 17 financial year. The reduction in licence costs for the Company in the 2017 financial year will be in the order of $22 million.

Beyond International Limited would like to advise that the Company has no financial exposure to Ten Network Holdings Ltd.

Notice is hereby given that Mark Korda, Jenny Nettleton and Jarrod Villani of KordaMentha, were appointed Voluntary Administrators of the Ten Network Holdings Limited.

securities suspended from quotation following the appointment of administrators

we understand that on or about this date the company consolidated its shares 1 for 10

TEN Network and Facebook are in talks about forging a strategic alliance in which the two media companies would share content, audiences and advertising revenue, sources have confirmed.