Murdoch and Packer join Ten’s board
James Packer and Lachlan Murdoch appear to have resolved their standoff with the board of Network Ten, accepting two rather than three seats on the board.
The announcement:
Ten Network Holdings Limited (ASX Code:TEN) (‘Ten Holdings’ or ‘the Company’) today announced that James Packer and Lachlan Murdoch had accepted the offer to join the Ten Holdings Board in mid-December, following this year’s annual general meeting to be held on 9 December 2010.
The Company and Ten Holdings’ executive chairman, Nick Falloon, also confirmed that Mr Falloon intends to accept the offer from the Board to stand down from his role as executive chairman and leave the Company immediately following the 2010 annual general meeting.
This was be very interesting to follow…will they show the TV finesse of their Fathers?
Best of luck to them!