Network 10 to acquire WIN’s northern NSW TV licence
Network 10 has signed an agreement for the acquisition of WIN Network’s Northern NSW television licences, covering Newcastle, Taree, Tamworth, Port Macquarie, Lismore, Coffs Harbour and the Gold Coast.
The acquisition means that Ten’s content will continue to air across the main channel, plus 10 Bold and 10 Peach, in these regions.
The production and broadcast of local news updates in the Northern Rivers, Tamworth, Taree, Newcastle and Gold Coast will remain local.
The sale is subject to customary sale conditions, including regulatory approval and due diligence, and will take effect once these have been completed.
This follows Ten’s acquisition of Southern Cross Austereo’s Queensland, southern NSW, and Victorian television licences in December.
Beverley McGarvey, president of Network 10, said the acquisition “ensures that our premium line up of entertainment, news and sport content continues to be available to all Australians, while also offering our commercial and advertising partners a national footprint.
“This further reinforces Paramount Global’s commitment to the Australian market and in particular Network 10.”
Andrew Lancaster, CEO of the WIN Corporation said: “WIN’s strategic focus is on Nine and it no longer makes sense for us to own the 10 Northern NSW business. As an industry we should be looking to make the buying of advertising easier for our clients and this transaction should help do that.”
Ten said stated that “no other details of the acquisition will be released.”
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What about nickelodeon channel hope they drop gold and replace it with nickelodeon.
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Hopefully with network 10 ownership we will finally get nickelodeon on our channel lists
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Win Gold channel is not go at all the low quality
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When nine finally buy win tv – that will be the end of regional tv as we know it
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