Ten’s secret plan to axe shows

Network Ten has hit back at claims its planning to axe Bondi Rescue, Biggest Loser and Shark Tank.
Network Ten has hit back at claims its planning to axe Bondi Rescue, Biggest Loser and Shark Tank. Tim Hunter

CHANNEL Ten has hit back at claims it's preparing to swing the axe through a host of its Australian-made TV shows, under a secret plan to claw back millions of dollars.

The troubled network was placed into voluntary administration back in June, with US entertainment giant CBS winning the support of the Ten's creditors' committee for a takeover earlier this month.

It's not known yet what the potential new owners are planning to do with Ten, but a report in today's Daily Telegraph claims a secret five-year cost-cutting plan is being considered which would see Bondi Rescue, Shark Tank and The Biggest Loser axed, Formula 1 and V8 Supercars coverage cancelled, all news bulletins and Family Feud filmed in Sydney, and 15 per cent of jobs cut across the board.

Family Feud would move to Sydney under the plan.
Family Feud would move to Sydney under the plan. News Corp Australia

But a spokesman for Ten has hit back, branding the report "highly speculative and inaccurate".

"The speculation about F1 and Supercars is just plain wrong. We've already said The Biggest Loser will not be returning to Ten any time soon, Shark Tank will continue, and Studio 10 was extended by an hour in late July."

The spokesman also claimed there were no plans for any redundancies.

"The document referred to in today's media was part of a number of options that had been prepared on behalf of the Ten Board prior to the appointment of Administrators. At the time, Ten Network was exploring all options for improving its financial position.

"The financial environment for Ten has changed significantly since June, with CBS chosen by creditors as the new owner. CBS's bid includes the retention of all employees."

Earlier this month, creditors voted in favour of the CBS offer at a meeting in Sydney, just hours after the media giant raised the amount it said it would give unsecured creditors from its initial proposal of $32 million to more than $40 million.

A competing proposal from billionaire shareholders Lachlan Murdoch and Bruce Gordon was rejected, a day after the latter was ordered to pay costs after failing in a legal effort to derail the CBS takeover.

Topics:  channel 10 television

News Corp Australia

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Byron solar train stays on track

ROLLING: Byron Bay Railway Company's solar train.

Solar train stays on track in Byron Bay

Byron Bay are finals bound

PITCH PERFECT: Byron Bay's Levi Shouldice took 5-42 against Lennox Head on Saturday.

Byron head for cricket finals.

Boardriders season finally catches a wave

BIG WIN: Bryce Cameron wins the men's open at the Boardriders meet.

Waves arrive for Boardriders kick off

Local Partners