ACCC waves through Skydance merger, Paramount devalues Ten licenses

Nathan Jolly

February 28, 2025 10:09

Paramount Global has marked down the financial value of Network 10’s television licences by close to 40%, at the same time revealing the ACCC has waved through its merger with Skydance in Australia.

In a filing with the US Securities and Exchange Commission first reported in Capital Brief, Paramount slashed its valuation of the Australian licences by A$12.7 million, to A$20.7 million.

Paramount said the new figure represents the licences “estimated fair value”. According to Network 10’s Australian accountants, even this price overvalues them: it wrote down the licenses to zero in December, after posting a $322m annual loss.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.

Topics

Nine Paramount Seven Skydance spectrum fees Ten

1 COMMENTS

Anonymous 18 Mar 25

I think that you would find that the ‘spectrum tax’ is that the FTAs should be paying at least ‘some amount’ for usage of the broadcast spectrum that they have exclusively without paying … hence the ‘tax’ is a flexible contribution (based on profit I think) to bolster their annual profit.
Do you pay for your streaming or get it free? I didn’t think so.

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