CBS-owned Australian network’s forced sale of TXA stake set to proceed after ACCC clearance
By James Panichi ( May 3, 2018, 02:11 GMT | Insight) -- A bitter dispute among Australia’s three commercial, free-to-air TV networks over the ownership of transmission company TX Australia entered its final stage today, with the country’s competition watchdog clearing the way for Network Ten’s forced sale of its one-third stake in the firm. The Australian Competition & Consumer Commission said the move by Seven Network and Nine Network to acquire Ten’s stake in TXA wouldn’t significantly harm competition in the market.A bitter dispute among Australia’s three commercial, free-to-air TV networks over the ownership of transmission company TX Australia entered its final stage today, with the country’s competition watchdog clearing the way for Network Ten’s forced sale of its one-third stake in the firm. ...
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