Korda Mentha held 50 meetings with Network Ten's management, directors, advisers and shareholder guarantors in recent months in a bid to help the broadcaster stay on its feet, according to a letter sent to employees on Thursday.
The fallout from Ten Network's plunge into administration is starting to spread to other parts of the sector.
​Fox News is "Fair and Balanced" no more.
As Network Ten called in the administrators, some of the network's stars and other television presenters have taken to social media to express their dismay and assure fans the show will go on.
Ten Network Holdings isn't dead yet, but it's on life support with administrators appointed. Should an autopsy be conducted, Murdoch fingerprints and DNA will be found all over the body.
Network Ten's fate was sealed by media moguls Lachlan Murdoch and Bruce Gordon, according to an agreement reached the Friday before Ten was placed into voluntary administration.
Conspiracy theorists could be forgiven for wondering why only six weeks ago Ten's management seemed pretty comfortable they had the continued support of its billionaire backers. It certainly appears that at least two of these billionaires had a change of heart.
Channel Ten has gone into voluntary administration after its billionaire shareholders told it on the weekend they would no longer guarantee a key loan.
The Murdoch empire's British publishing unit has asked a judge to put an end to disclosure requests made by lawyers representing phone-hacking victims as regulators prepare to rule on its controversial bid for pay TV provider Sky.
The board of Network Ten has until Thursday to consider the company's future, after two key shareholders pulled their backing for the broadcaster's debt.
It is difficult to see how Ten Network can escape the corporate undertaker after losing the support of the three billionaires, Lachlan Murdoch, James Packer and Bruce Gordon, who until last weekend had been keeping it afloat.
The company requested a halt while the board decides how to proceed with financing, amid concerns about its stability.Â
Network Ten appears on increasingly shaky ground as new doubts emerge on whether the three billionaires who agreed to guarantee a $200 million lifeline in 2013 will extend the same support for the next round of funding.
As European Union officials count the days before their annual vacation, Google's lawyers and lobbyists are hunkering down in Brussels, preparing for what may be a record EU antitrust fine.
A van load of advertising folk will soon drive thousands of kilometres along Australia's eastern seaboard to get a better of understanding of life outside inner Sydney.Â
Airing secret recordings of Pauline Hanson and James Ashby during an investigation into One Nation were not a breach of rules, the media regulator has found.
People working for advertising agencies are out of touch, childless, share-housing, farmers' market-loving, workaholic gym junkies who overestimate the impact of social media.
Hollywood couple Susanna Hoffs and Jay Roach appear to be the activist shareholders pushing Google and Facebook to be more accountable.
Netflix Chief Content Officer Ted Sarandos described the hip-hop drama The Get Down as a success. Eight months and 11 episodes later, The Get Down is history.
The US owners of hugely popular blogging platform WordPress.com are defying an Australian court.
Montreal's largest-circulation newspaper, La Presse, will quit printing at the end of the year to become a "100 per cent digital" operation.
It was billed as a struggling sector's chance to twist the arms of cross-bench Senators into passing new ownership laws, but instead senior media executives just ended up just shaking hands with government.
Trump's next Twitter misfire could be deadly serious if his account isn't better protected.
Media groups are singing from the same song sheet only because their future depends on finding some way to improve their business models.
A rare mass gathering of media chief executives will put the heat on Labor and crossbenchers.
What will happen if the two-out-of-three rule is removed? Are any local content rules staying?
Cross bencher and former journalist Derryn Hinch has thrown his weight behind the government's proposed media reform bill.
Experts have warned that Schapelle Corby could breach proceeds-of-crime laws should she profit from the media frenzy surrounding her return home.
A full press of media company chief executives will descend on Canberra this Wednesday in a rare display of pan-industry support for media reform laws.
A low share price of 16 cents for Network Ten has attracted a price query from the stockmarket regulator.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.