View source for Network Ten Pty Limited

{{Short description|Australian media company}}
{{Use Australian English|date=August 2015}}
{{Use dmy dates|date=July 2020}}
{{Infobox company
| name = Network Ten Pty Limited
| trade_name = Paramount Australia & New Zealand
| logo = Network 10 2018.svg
| logo_size = 140px
| image = Pyrmont Ten Studios.JPG
| former_name = {{Ubl|Ten Network Holdings (1998–2020)|ViacomCBS Australia & New Zealand (2020–2022)}}
| predecessor = Ten Group Limited
| type = [[Subsidiary]]
| traded_as = [[ASX]]: TEN (former)
| founded = {{Start date and age|1998|03|31|df=y}}
| hq_location = 1 Saunders Street
| hq_location_city = [[Pyrmont, New South Wales]]
| hq_location_country = [[Australia]]
| key_people = {{Ubl|Beverley McGarvey ([[Chief executive officer|CEO]] and [[President (corporate title)|president]])|David Gordon ([[chairman]])}}
| industry = [[Mass media|Media]]
| products = [[Television]]
| num_employees = 1,000+
| parent = [[Paramount Networks UK & Australia]]
| website = {{URL| https://www.paramountanz.com.au/}}
}}

'''Network Ten Pty Limited''', trading as '''Paramount Australia & New Zealand''', is a major media company in Australia. Headquartered in [[Sydney]], its major asset is [[Network 10]], a free-to-air television network. Formerly a public company listed on the [[Australian Securities Exchange]], since December 2019, it has been a subsidiary of [[Paramount Networks UK & Australia]].

==Assets==
While originally focusing on running a television network, 10 has recently diversified into a range of other media areas over the past decade. Below are some of the businesses it has run, or is involved with:

* [[Network 10]] is an Australian commercial free-to-air television primary channel
** [[TEN (TV station)|Sydney]], [[NRN|Northern NSW & Gold Coast]], [[CTC (TV station)|Southern NSW & ACT]]
** [[ATV (Australia)|Melbourne]] and [[GLV/BCV|Regional Victoria]]
** [[TVQ|Brisbane]] and [[TNQ|Regional Queensland]]
** [[ADS (TV station)|Adelaide]]
** [[NEW (TV station)|Perth]]
* [[10 Bold Drama|10 Drama]] is an Australian free-to-air digital television multichannel dramatic programming aimed towards viewers over 40.
* [[10 Peach Comedy|10 Comedy]] is an Australian free-to-air digital television multichannel featuring comedy, sitcoms and some drama programs.
* [[Nickelodeon (Australian TV channel)|Nickelodeon]] is an Australian free-to-air digital television multichannel which includes a mix of shows for people under 40.<ref name="Nickelodeon" /><ref name="New Shake" /><ref name="10 Shake" />
* [[Gecko (TV channel)|Gecko]] is an Australian free-to-air datacasting channel
* [[10Play|10]] is a video on demand, catch-up TV service which carries the main and multichannels of [[Network 10]].
* Multi Channel Network (25%)<ref>{{cite web |last1=Samios |first1=Zoe |last2=Kelly |first2=Vivienne |title='CBS want to control it, it's as simple as that': Ten confirms exit from MCN |url=https://mumbrella.com.au/cbs-want-to-control-it-its-as-simple-as-that-ten-confirms-exit-from-mcn-532910 |website=Mumbrella |access-date=2 August 2018 |date=1 August 2018}}</ref>

==History==
{{Multiple image
|direction=vertical
|image1=Network Ten Pyrmont 20180918.jpg
|footer=Ten's corporate headquarters in [[Pyrmont, New South Wales|Pyrmont]], [[Sydney]]}}
{{expand section|date=May 2017}}

===Pre-1998===
In April 1987, [[News Corporation]] finalised an $842 million deal to sell its Network Ten [[TEN (TV station)|Sydney]] and [[ATV (Australian TV station)|Melbourne]] stations to [[NRN]] and [[GWN7]] owner Northern Star Holdings, an associate of [[Frank Lowy]]'s [[Westfield Group|Westfield Capital Corporation]].<ref>{{cite news | title=Ten Network purchase approved by tribunal | date=9 February 1989 | newspaper=[[Canberra Times]]}}</ref> The Ten [[ADS (TV station)|Adelaide]], [[NEW (TV station)|Perth]] and [[CTC (TV station)|Canberra]] stations were then purchased in August 1987 from [[Kerry Stokes]].

In September 1989, following nine months of discussions, Westfield finally got its exit out of television by selling its shareholding of Northern Star Holdings to Broadcom and a consortium of bankers<ref>{{cite news | title=Stake sold to unknown buyer| date=26 June 1990 | newspaper=[[Canberra Times]]}}</ref> for an eye-watering $450 million loss.<ref>{{cite news | title=Ten Network sale adjusts television industry's focus| date=7 September 1989 | newspaper=[[Australian Financial Review]]}}</ref> Signalling the cash flows problems incurred by the network at the time, [[MCA Inc.|MCA]] took the company to court over unpaid program supply fees.<ref>{{cite news | title=Supplier takes Ten owner to court| date=10 October 1989 | newspaper=[[Australian Financial Review]]}}</ref> Broadcom then onsold the [[ADS (TV station)|Adelaide]], [[NEW (TV station)|Perth]] and [[CTC (TV station)|Canberra]] stations to Charles Curran's [[CTC (TV station)|Capital Television Holdings]] for $185 million.<ref>{{cite news | title=This week| date=8 September 1989 | newspaper=[[Australian Financial Review]]}}</ref> Broadcom then anticipated that through cutbacks in programming and operational costs, it would be able to achieve profitability by the end of financial year 1991/92.<ref>{{cite news | title=Ten: Now for the hard part| date=22 June 1990 | newspaper=[[Australian Financial Review]]}}</ref>

[[Ernst & Young]] [[receivership|receivers]] were subsequently appointed to take over Northern Star in September 1990.<ref>{{cite news | title=Westfield set to lose $30m| date=17 September 1990 | newspaper=[[Australian Financial Review]]}}</ref> The network was then [[Australian insolvency law#Compulsory winding-up|placed into liquidation]] by the [[New South Wales Rugby League]] in May 1991.<ref>Archived at [https://ghostarchive.org/varchive/youtube/20211211/r8-w9zdVGgQ Ghostarchive]{{cbignore}} and the [https://web.archive.org/web/20190129023214/https://www.youtube.com/watch?v=r8-w9zdVGgQ&gl=US&hl=en Wayback Machine]{{cbignore}}: {{Cite web |url=https://www.youtube.com/watch?v=r8-w9zdVGgQ |title=Network Ten in Liquidation - May 1991 |last=Sacre |first=Howard |date=May 1991 |website=YouTube |publisher=Network Ten |type=Video |access-date=2024-08-22}}{{cbignore}}</ref> In late 1991, [[Westpac]] took control of the East Coast capital city stations in a $240 million sale.<ref>{{cite news | title=Westpac scores on Ten| date=2 October 1991 | newspaper=[[Australian Financial Review]]}}</ref>

On 30 December 1992, Network Ten was sold by the bank to Oltec Limited. Controlled by Canadian media company [[CanWest]], minority shareholders included [[TNQ]], [[Jack Cowin]], [[John Singleton (Australian entrepreneur)|John Singleton]] and Liebler Media. CanWest also had a minority shareholding in New Zealand broadcaster [[Three (TV channel)|TV3]] at this time. Oltec changed its name to the Ten Group Limited in April 1993. <ref>{{cite report
 | author      = [[Australian Broadcasting Authority]]
 | date        = November 1995
 | title       = Investigation into control
 | url         = https://www.acma.gov.au/sites/default/files/2019-11/Investigation%20into%20control%20-%20CanWest%20Global%20Communications%20Corporation%20-%20The%20Ten%20Group%20Nov%201995.pdf
 | access-date = 15 July 2023}}</ref>

In November 1993, Ten Group Limited purchased a 50% shareholding in Capital Television Holdings. In 1995, controlling shareholder Curran sold the Canberra station to [[Southern Cross Broadcasting]] after initial court action by Ten Group Limited to stop the transaction in an effort to protect their existing program supply agreement<ref>{{cite news | title=Court says yes to sale of TV station| date=18 January 1995 | newspaper=[[Australian Financial Review]]}}</ref> which followed court action by Capital alleging that CanWest had breached legislation on foreign ownership restrictions.

Due to foreign ownership restrictions, CanWest was restricted in the amount of Ten that it could own. In June 1994, TNQ was recorded with the largest voting stake in Ten Group Limited with 40%, while CanWest had 15% and [[AMP Limited]] 5%.<ref>{{cite news | title=Suspirium will hold on to TNQ| date=6 June 1994 | newspaper=[[Australian Financial Review]]}}</ref>

===Establishment and relationship with The Ten Group===
Ten Network Holdings (TNH) was established in 1998, launched as a public company on the [[Australian Securities Exchange|ASX]] holding the Network Ten assets. It allowed shareholders to invest in The Ten Group Pty Ltd, the owner of the Ten television network. TNH had a 79% shareholding in The Ten Group, representing a 39% economic interest in the group. [[Canwest]] had a 58% economic interest in The Ten Group and was the Group's other major owner.<ref>{{cite web|title=Ten Network Holdings Limited 1998 Annual Report|url=http://tencorporate.com.au/library/documents/TEN_annual_98.pdf|publisher=Ten Network Holdings|access-date=13 January 2018|archive-url=https://web.archive.org/web/20091013141015/http://tencorporate.com.au/library/documents/TEN_annual_98.pdf|archive-date=13 October 2009|pages=2–5|date=1998}}</ref> In June 2007, Canwest decided to convert its stake in The Ten Group into shares in Ten Network Holdings, giving it a 56% shareholding in TNH.<ref>{{cite news|last1=Alberici|first1=Emma|title=CanWest takes control of Ten|url=http://www.abc.net.au/pm/content/2007/s1956136.htm|access-date=15 May 2018|work=[[PM (Australian radio programm)|PM]]|publisher=Australian Broadcasting Corporation|date=19 June 2007}}</ref> This saw TNH take 99% ownership of The Ten Group and become the central company in Ten's corporate structure.<ref>{{cite web|title=Annual Review 2007|url=http://tencorporate.com.au/library/documents/TEN%20AR%20FINAL%202007.pdf|publisher=Ten Network Holdings|access-date=16 May 2018|archive-url=https://web.archive.org/web/20110219105744/http://tencorporate.com.au/library/documents/TEN%20AR%20FINAL%202007.pdf|archive-date=19 February 2011|pages=21–29|date=2007}}</ref> In February 2008, the other shareholders in The Ten Group exchanged their shares in that company for shares in TNH, giving TNH 100% ownership of The Ten Group.<ref>{{cite web|title=Annual Review 2008|url=http://www.tencorporate.com.au/library/documents/6102%20TEN%20AR%202008.pdf|publisher=Ten Network Holdings|access-date=16 May 2018|archive-url=https://web.archive.org/web/20120321054504/http://www.tencorporate.com.au/library/documents/6102%20TEN%20AR%202008.pdf|archive-date=21 March 2012|page=26|date=2008}}</ref>

===Sale to Canwest===
On 24 September 2009, Canwest announced that it was selling its 50.1% stake in Ten Network Holdings for A$680 million (following the 2006 concentration/restriction on Australian media ownership),<ref>{{cite news | url=http://www.theaustralian.com.au/business/media/canwest-sells-ten-network-stake-for-680m/story-e6frg996-1225779014607 | title=CanWest sells Ten Network stake for $680m | date=24 September 2009 | newspaper=[[The Australian]]| access-date=2 August 2015 }}</ref> in order to pay down its significant debt, although it was not enough to save the former parent, which went out of business the next year.

===James Packer share purchase===
During October 2010, [[James Packer]] through Consolidated Press Holdings, bought an 18% shareholding.<ref>{{cite news | newspaper =  [[Wall Street Journal]]  | title =Business: Media & Marketing: Australian Billionaire Packer Buys Ten Network Stake | first1 = Enda | last1 = Curran |first2 = Cynthia |last2 =Koons | date = 20 October 2010 | access-date = 21 October 2010 | url = https://online.wsj.com/article/BT-CO-20101020-702985.html?mod=WSJ_latestheadlines}}</ref> Half of this was then bought from Packer by [[Lachlan Murdoch]]; the two are listed as joint owners of 17.88% of the company<ref>{{cite web|title=Packer off Ten board as shake-up continues|url=http://www.smh.com.au/business/packer-off-ten-board-as-shakeup-continues-20110302-1bdxs.html|work=[[Sydney Morning Herald]]|date=2 March 2011|publisher=Fairax|access-date=17 January 2012}}</ref>

On 26 November mining magnate and Australia's wealthiest woman, [[Gina Rinehart]] was appointed a position of the board after purchasing 10% of the company.<ref>{{cite news|last=Janda|first=Michael|title=Ten CEO sacked, Lachlan Murdoch steps in|url=http://www.abc.net.au/news/2011-02-23/ten-ceo-sacked-lachlan-murdoch-steps-in/1954474?section=justin|work=[[ABC News (Australia)|ABC News]]|date=23 February 2011|publisher=ABC|access-date=17 January 2012}}</ref>

Speculation surrounds the future of the Packer investment as upcoming changes to sport broadcast regulation and Ten's low share price in a slowly resurgent market are seen as possible drivers for the current stake.

On 23 February 2011, the board of Ten Network Holdings terminated the contract of CEO Grant Blackley. Lachlan Murdoch was appointed acting CEO.<ref>Janda, Michael: [https://web.archive.org/web/20110225011020/http://www.abc.net.au/news/stories/2011/02/23/3146785.htm?section=justin Lachlan Murdoch appointed acting Ten CEO], ''ABC News'', 23 February 2011.</ref> In February 2012, Murdoch was appointed Chairman by the board, replacing Brian Long who became Deputy Chairman, with [[James Warburton (businessman)|James Warburton]] as the company's CEO.<ref>[http://www.tencorporate.com.au/lib/pdf/2012/mf547.pdf Ten Appoints New Chairman], Ten Network Holdings, 10 February 2012.</ref>

On 26 March 2014 Hamish McLennan was appointed Executive Chairman after becoming Chief Executive Officer and Managing Director of the company in March 2013 replacing James Warburton. Lachlan Murdoch retired as Chairman and a Director to join [[News Corp]] and [[21st Century Fox]] as Non-Executive Co-Chairman.<ref>[http://www.tencorporate.com.au/files/Changes_to_TEN_Board_of_Directors.pdf Changes to TEN's Board of Directors], Ten Network Holdings, 26 March 2014.</ref>

On 27 July 2015, Paul Anderson was appointed Chief Executive Officer, and Non-Executive Director David Gordon was appointed chairman after Hamish McLennan stepped down from both roles.<ref>[http://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2015/Ten%20Network%20Board%20And%20Senior%20Management%20Changes.pdf Ten Network Board And Senior Management Changes.], Ten Network Holdings, 27 July 2015.</ref>

On 11 March 2020, Paul Anderson stepped down from his position and he was not directly replaced with Beverley McGarvey promoted to become Chief Content Officer and Executive Vice President across Ten and ViacomCBS Australia & NZ.<ref>[https://network10.com.au/news-and-insights/viacomcbs-confirms-resignation-of-paul-anderson-as-head-of-combined-operations-in-australia-new-zealand/ ViacomCBS confirms resignation of Paul Anderson as Head of Combined Operations in Australia & New Zealand], ViacomCBS Networks International, 11 March 2020.</ref>

===Foxtel takeover bid===
In 2014, [[News Corp Australia|News Corp]]/[[Telstra]]-owned [[Foxtel]] and U.S. cable company [[Discovery Communications]] made a joint-venture to take a bid on Ten. Other U.S.-based companies and investment firms, such as [[Anchorage Capital Group]] and [[Saban Capital Group]], were also on the bidding list. However, this was opposed by [[WIN Corporation]] owner and Ten shareholder [[Bruce Gordon (businessman)|Bruce Gordon]] stating that Ten would remain in the Australian hands.<ref>[http://www.hollywoodreporter.com/news/discovery-foxtel-takeover-australias-ten-764864 Discovery, Foxtel Takeover of Australia's Ten Network Opposed by Major Shareholder]. [[The Hollywood Reporter]]. Retrieved 07-04-2015.</ref>

On 15 June 2015, Foxtel officially agreed to buyout 15% shares in Ten Network Holdings, pending the approval from the [[Australian Competition & Consumer Commission]]. Prior to the acquisition, Discovery backed out from bidding partnership with Foxtel.

There were numerous reports stated that Foxtel will push-through the 15% acquisition of Ten once the Australian government will abolish the restriction on cross-media ownership.

===2017 financial turmoil===
Announcing an AU$232 million half-year loss in 2017, Ten Network Holdings warned that there was "significant doubt on the group's ability to continue" and their future hinged on an extension or renewal of an AU$200 million debt guarantee by three of its largest shareholders Lachlan Murdoch, Bruce Gordon and James Packer which expires on 23 December 2017.<ref>{{cite news|url=http://www.abc.net.au/news/2017-04-27/ten-network-struggles-to-survive-after-another-big-loss/8475774|title=Ten Network casts 'significant doubt' on its viability after announcing $232m first-half loss|date=27 April 2017|first=Peter|last=Ryan|access-date=18 May 2017|work=ABC News}}</ref><ref>{{cite web|url=https://www.reuters.com/article/ten-network-results-idUSL4N1HY70O?feedType=RSS&virtualBrandChannel=11563|title=UPDATE 2-Fate of Australian TV network Ten in hands of billionaire trio|date=27 April 2017|work=Reuters|access-date=18 May 2017|first=Jamie|last=Freed}}</ref> In June 2017, Murdoch, Gordon and Packer withdrew support for a $250 million guaranteed loan that would remedy the expiring $200 million debt guarantee.<ref>{{cite web |url=http://www.heraldsun.com.au/business/network-tens-future-in-doubt-as-billionaire-backers-murdoch-and-gordon-pull-their-support/news-story/a32e1586eab032479eddff2a2782afbe |title=Network Ten's future in doubt as billionaire backers Murdoch and Gordon pull their support |date=13 June 2017 |publisher=[[Herald Sun]]|access-date=12 June 2017}}</ref><ref>{{cite news |last=Mason |first=Max |date=11 June 2017 |title=Ten's billionaire shareholders back away from loan guarantee |url=http://www.afr.com/business/media-and-marketing/tv/tens-billionaire-shareholders-back-away-from-loan-guarantee-20170611-gwp0ro |work=[[Australian Financial Review]]|location=Sydney |access-date=13 June 2017}}</ref> In response, Ten requested its shares on the [[Australian Securities Exchange]] be placed in a 48-hour [[trading halt]] while it assessed its options concerning receivership.<ref>{{cite news |url=http://www.abc.net.au/news/2017-06-13/ten-network-fails-to-find-a-financial-backer/8612656 |title=Ten Network in trading halt and facing receivership after failing to secure financial backer |last=Letts |first=Stephen |newspaper=ABC News |date=13 June 2017 |publisher=Australian Broadcasting Corporation |access-date=13 June 2017}}</ref><ref>{{cite web |url=http://www.skynews.com.au/business/business/company/2017/06/13/network-ten-places-shares-in-trading-halt.html |title=Network Ten places shares in trading halt |date=13 June 2017 |publisher=Sky News Australia |access-date=13 June 2017}}</ref> On 14 June, Ten went into voluntary administration.<ref>{{cite news |last=Danckert |first=Sarah |date=14 June 2017 |title=Network Ten heads into voluntary administration |url=http://www.smh.com.au/business/media-and-marketing/network-ten-heads-into-voluntary-administration-20170614-gwqo47.html |work=The Sydney Morning Herald |location=Sydney |access-date=14 June 2017}}</ref><ref>{{cite news |last=Pash |first=Chris |date=14 June 2017 |title=The Ten network is in administration |url=https://www.businessinsider.com/the-ten-network-is-in-administration-2017-6 |work=Business Insider Australia |location=Sydney |access-date=14 June 2017}}</ref>

=== Purchase by CBS ===
Upon the news of receivership, Ten's largest shareholders (Murdoch and Gordon) attempted to merge their assets to save Network 10. The [[Australian Competition & Consumer Commission]] even stated that they would not oppose the said merger bid, which would have resulted in both shareholders enjoying a 50% stake in the network.<ref>{{Cite news|url=http://www.abc.net.au/news/2017-08-24/ten-takeover-by-murdoch-gordon-gets-accc-green-light/8837964|title=No problem with Murdoch-Gordon Ten takeover, says ACCC|last1=Janda|first1=Michael|date=24 August 2017|work=ABC News|access-date=28 August 2017|last2=Chau|first2=David|language=en-AU}}</ref><ref>{{Cite news|url=http://www.abc.net.au/news/2017-07-05/accc-confirms-network-ten-joint-bid-by-gordon-and-murdoch/8680160|title=Murdoch and Gordon launch takeover bid for Network Ten|last=Chau|first=David|date=5 July 2017|work=ABC News|access-date=28 August 2017|language=en-AU}}</ref>

However, on 28 August 2017, Ten's administrators announced that the U.S. media company [[CBS Corporation]] (which has a 33% share in channel Eleven) had entered into a binding agreement to purchase the company for $123 million, subject to approval of the [[Foreign Investment Review Board]]. CBS refinanced Ten's existing debt including guarantor fees to billionaire shareholders James Packer, Lachlan Murdoch and Bruce Gordon, and existing loans from the Commonwealth Bank. As a result, once the deal were to be approved, CBS would take over in full with current shareholders losing their shares and its value.<ref>{{Cite news|url=http://www.smh.com.au/business/media-and-marketing/us-company-cbs-to-buy-ten-network-20170827-gy5doc.html|title=US broadcaster CBS to buy Ten Network|last=Battersby|first=Lucy|date=28 August 2017|work=The Sydney Morning Herald|access-date=28 August 2017|language=en-US}}</ref><ref>{{cite news|url=http://www.smh.com.au/business/media-and-marketing/cbs-won-because-network-ten-employees-didnt-want-lachlan-murdoch-to-come-back-20170919-gykjmk.html|title=CBS won because Network Ten employees didn't want Lachlan Murdoch to come back|last1=Kruger|first1=Colin|date=20 September 2017|work=The Sydney Morning Herald|access-date=4 November 2017}}</ref>

Gordon and Murdoch, whose joint bid for the company had not been accepted, went to the [[Supreme Court of New South Wales]] in an effort to delay CBS's takeover of Ten.<ref>{{Cite news|url=http://www.smh.com.au/business/media-and-marketing/disappointed-underbidders-lachlan-murdoch-and-bruce-gordon-should-not-be-able-to-stall-ten-deal-court-hears-20170907-gychte|title=Billionaire Ten backer Bruce Gordon wins first round in challenge to CBS takeover|last=Whitbourn|first=Michaela|date=7 September 2017|work=The Sydney Morning Herald|language=en-US}}</ref> This delayed the administrator's meeting with creditors until 12 September.<ref>{{Cite news|url=http://tvtonight.com.au/2017/09/administrators-delay-ten-creditors-meeting.html|title=Administrators delay TEN creditors meeting|last=Knox|first=David|date=7 September 2017|work=TV Tonight|language=en-AU}}</ref> At the meeting, creditors overwhelmingly voted in support of CBS' bid, citing concerns over Murdoch's management of Ten over the past years and talk of mass job cuts in the news department under Murdoch ownership. On 10 November 2017, the Supreme Court approved the purchase.<ref>{{Cite news|url=https://www.reuters.com/article/deals-day/deals-of-the-day-mergers-and-acquisitions-idUSL3N1NG4EG|title=Deals of the day-Mergers and acquisitions|date=10 November 2017|work=Reuters|access-date=2017-11-10}}</ref>

On 16 November 2017 the purchase by CBS was completed and shares were transferred to CBS Network 10 [[Besloten vennootschap met beperkte aansprakelijkheid|BV]], a company registered in the Netherlands.<ref>[https://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2017/CBS%20Corporation%20Completes%20Acquisition%20Of%20Ten%20Network.pdf CBS Corporation Completes Acquisition Of Ten Network.], Ten Network Holdings, 16 November 2017.</ref><ref>[https://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2017/Request%20For%20Removal%20From%20The%20Official%20List.pdf Request For Removal From The Official List], Ten Network Holdings, 15 November 2017.</ref><ref>{{cite web|last1=Kruger|first1=Colin|title=Euro Ten|url=https://www.msn.com/en-au/money/company-news/jessica-rudd-steaks-her-claim-on-china/ar-BBEZGFA?li=AAgfOd8|website=MSN Money|access-date=16 November 2017}}</ref> The company became a division of [[CBS Studios International]].<ref>{{cite web|title=About – Ten Network Holdings Limited|url=https://tenplay.com.au/corporate/about|website=tenplay|publisher=Ten Network Holdings|access-date=15 May 2018}}</ref>

The company launched the news, entertainment and lifestyle website [[ten daily|10 daily]] in May 2018.<ref>{{cite web |title=Make Your Day With ten daily – Network Ten's New Website Launched Today |url=https://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2018/Make%20Your%20Day%20With%20ten%20daily%20Network%20Tens%20New%20Website%20Launched%20Today.pdf |publisher=Network Ten |access-date=9 June 2018 |date=14 May 2018}}</ref> The site was conceived while Ten was an independent company and was intended to launch in September 2017.<ref>{{cite web |title=Ten Network Holdings' First Half FY 2017 Financial Results |url=https://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2017/Ten%20Network%20Holdings%20First%20Half%20FY%202017%20Results%20Announcement.pdf |publisher=Ten Network Holdings |access-date=9 June 2018 |page=3 |date=27 April 2017}}</ref> The site was shut down on 22 May 2020.<ref>{{cite web |url=https://mumbrella.com.au/10-daily-to-close-this-friday-628420 |title=10 Daily to close this Friday |last=Rigby |first=Britney |date=18 May 2020 |work=[[Mumbrella]] |archive-url=https://web.archive.org/web/20200518065106/https://mumbrella.com.au/10-daily-to-close-this-friday-628420 |archive-date=18 May 2020 |url-status=live}}</ref>

On 31 October 2018, the network unveiled a new logo, replacing the "ten" wordmark used since 1991 with a stylised circle 10, and the network now referred to in text as "Network 10". The new brand is used across all of Network 10's platforms and services, and was intended to reflect the broadcaster's positioning as an "adventurous alternative" with a "sense of fun". 10 also relaunched its multichannels Eleven and One as [[10 Peach]] and 10 Boss (now [[10 Bold]]), with Bold focusing on dramatic programming and targeting an older adult audience, and Peach continuing to be targeted towards young adults.<ref>{{Cite news|url=http://www.bandt.com.au/marketing/network-ten-rebrands-network-10-new-look-logo|title=Network Ten Rebrands As 'Network 10' With New-Look Logo|date=31 October 2018|work=B&T|access-date=31 October 2018}}</ref><ref>{{Cite web|url=https://www.smh.com.au/entertainment/tv-and-radio/network-ten-in-2019-what-s-new-what-s-returning-what-s-gone-20181029-p50cp3.html|title=Network Ten in 2019: What's new, what's returning, what's gone?|last=Lallo|first=Michael|date=31 October 2018|website=The Sydney Morning Herald|access-date=31 October 2018}}</ref><ref>{{Cite news|url=https://mumbrella.com.au/ten-reveals-first-major-rebrand-in-27-years-peach-boss-and-10-news-first-549558|title=Ten reveals first major rebrand in 27 years: Peach, Boss and 10 News First|date=31 October 2018|work=Mumbrella|access-date=31 October 2018}}</ref><ref>{{Cite web|url=https://mediaweek.com.au/10-upfront-behind-the-rebrand/|title=10 Upfront: Behind the rebrand of Boss, Peach, News and 10 Play|website=Mediaweek|date=31 October 2018|access-date=31 October 2018}}</ref> In December 2018, the network launched [[Network 10#10 All Access|10 All Access]], a localised version of the American streaming service [[CBS All Access]] with a selection of ad-free programming from both [[CBS]] and Network 10. The service was rebranded as Paramount+ on 11 August 2021.

===CBS merger with Viacom===
In December 2019, the parent company CBS Corporation [[2019 merger of CBS and Viacom|re-merged]] with [[Viacom (2005-2019)|Viacom]], forming [[Paramount Global|ViacomCBS]] (later renamed Paramount) and making Network 10 a sister to Viacom channels in Australia ([[MTV Australia|MTV]], [[Nickelodeon Australia|Nickelodeon]] etc.) as well as international networks such as [[Channel 5 (UK)|Channel 5]] in the United Kingdom.<ref>{{Cite web|url=https://www.bandt.com.au/viacom-cbs-remerge-13-year-hiatus/|title = Viacom and CBS Are Merging, So What Does This Mean for Network 10?|date = 14 August 2019}}</ref>

In July 2020, it was announced that a new multichannel called [[Nickelodeon (Australian TV channel)|10 Shake]] would launch in September 2020,<ref name="New Shake">{{cite web|last=Knox|first=David|url=https://tvtonight.com.au/2020/07/10-shake-to-launch-in-september.html|title=10 Shake to launch in September|date=13 July 2020|website=TV Tonight|publisher=[[TV Tonight]]|access-date=13 July 2020}}</ref><ref name="10 Shake">{{cite web|url=https://www.viacomcbsanz.com/news-and-insights/new-channel-will-shake-it-up/|title=New Channel Will Shake It Up|date=13 July 2020|publisher=Network 10|access-date=13 July 2020}}</ref> The channel would target an under 40s audience during prime time, drawing upon "edgy" content which became available throughout the ViacomCBS merger (including television brands from Nickelodeon, MTV and [[Comedy Central]]), but 10 normally also shares their ViacomCBS television programs with Nine Network. The breakdown for the channel is children's programming before 6pm and "edgy" content for under-40 viewers at night.<ref>{{cite web|last=Molk|first=Steven|url=https://tvblackbox.com.au/page/2020/07/13/10s-new-multichannel-set-to-10shake-things-up/|title=New Multichannel Set to #10Shake Things Up|date=13 July 2020|website=TV Blackbox|access-date=13 July 2020}}</ref><ref>{{Cite news|url=https://www.smh.com.au/culture/tv-and-radio/10-shake-to-screen-children-s-programs-by-day-edgy-content-at-night-20200710-p55ayk.html|title=10 Shake: Kids' programs by day, 'edgy' content by night|date=12 July 2020}}</ref> 10 Shake rebranded as [[Nickelodeon (Australian TV channel)|Nickelodeon]] in August 2023.<ref name="Nickelodeon">{{cite web|last=Knox|first=David|title=10 Shake to rebrand as Nickelodeon Channel|url=https://tvtonight.com.au/2023/06/10-shake-to-rebrand-as-nickelodeon-channel.html|date=10 June 2023|website=[[TV Tonight]]|publisher=TV Tonight|access-date=24 June 2023|url-status=live|archive-url=https://web.archive.org/web/20230624142500/https://tvtonight.com.au/2023/06/10-shake-to-rebrand-as-nickelodeon-channel.html|archive-date=24 June 2023}}</ref>

On 18 March 2024, it was announced that Beverley McGarvey had been appointed president and CEO of Network 10, head of streaming and regional lead for Australia and New Zealand.<ref>{{Cite magazine |last=Connery |first=Tess |date=18 March 2024 |title=Beverley McGarvey confirmed solo lead of Paramount AUNZ |url=https://www.mediaweek.com.au/beverley-mcgarvey-confirmed-as-solo-lead-of-paramount-in-anz/ |access-date=17 August 2024 |magazine=Mediaweek |publisher=Chattr}}</ref>

==References==
{{reflist}}

==External links==
*[https://www.paramountanz.com.au/ Paramount ANZ]

{{Corus Entertainment}}
{{Ten Network Holdings Limited}}
{{ViacomCBS}}
{{Free-to-air television channels in Australia}}

[[Category:Network 10]]
[[Category:Companies based in Sydney]]
[[Category:Television broadcasting companies of Australia]]
[[Category:Companies formerly listed on the Australian Securities Exchange]]
[[Category:Australian companies established in 1998]]
[[Category:Mass media companies established in 1998]]
[[Category:Holding companies established in 1998]]
[[Category:Holding companies of Australia]]
[[Category:Former Corus Entertainment subsidiaries]]
[[Category:2017 mergers and acquisitions]]
[[Category:Australian subsidiaries of foreign companies]]
[[Category:Paramount Global subsidiaries]]