Deutsche Bank says that Channel ten has two years to turn itself around or it could go broke

Deutsche Bank says that Channel ten has two years to turn itself around or it could go broke. As the company prepares to respond to four takeover offers, analysts have underscored the urgency with which the broadcaster needs to sell out and/or recapitalise its balance sheet. Shares are trading at 20.25c, underlining expectations that none of the bids offer a significant premium to the prevailing share price. Analysts said Ten had enough headroom in its $200 million loan from Commonwealth Bank to ensure it stayed afloat until FY2017, when they expected the loss-making broadcaster to return to a break-even position. We are wary that any significant downturn in the ad market could result in pressure against the (debt) facility, Deutsche Bank media analyst Entcho Raykovski said. (Source: SMH)


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