Channel 9 busted with Billions in Debt

[News77]

After David Jones, its turn of Channel 9 to go bankrupt!!

Channel Nine on brink as banks circle

September 26, 2012

Colin Kruger and Mark Hawthorne

IT WAS once the cornerstone of Kerry Packer's multibillion-dollar fortune, but after two full days of talks among creditors Channel Nine was last night still fighting to stave off bankruptcy.

Sydney played host to a group believed to include Nine's chairman Peter Bush and chief executive David Gyngell.

The private equity owners of the broadcaster were locked in talks to stop the banks from taking charge, seeking breathing room to restructure nearly $4 billion worth of de

Read more: http://www.theage.com.au/business/channel-nin...

[Bye Bye 9]

White racist channel 9 is busted thanks to racist people like Shane Warne and Eddie McGuire, who get huge salaries and deliver nothing. Billions are already siphoned off by the rich lifestyle of its CEOs, and falling advertisement revenue has been proved to be a last nail in the Nine's Coffin. Now China broadcasting will buy the Channel9 and Aussies will say Ni Haw Maaaaa...... instead of maaaaaate!! LOL

[chefboy812]

Bye Bye 9 wrote:

White racist channel 9 is busted thanks to racist people like Shane Warne and Eddie McGuire, who get huge salaries and deliver nothing. Billions are already siphoned off by the rich lifestyle of its CEOs, and falling advertisement revenue has been proved to be a last nail in the Nine's Coffin. Now China broadcasting will buy the Channel9 and Aussies will say Ni Haw Maaaaa...... instead of maaaaaate!! LOL

How much worse can it get under chinese owners compared to the last decade under the yanks? Prime-time ping pong has to better than big brother.

And they just sold the magazine division to the Bauers - that'll make Good Aussies & CPR happy.