Share raid on Ten points to Packer

Tim Burrowes

October 20, 2010 12:09

A buying spree of Ten shares tonight has triggered speculation that James Packer has made a return to free TV.

More than 15% of the company’s shares were snapped up in after-the-close trading, with Packer widely believed to be the purchaser.

The Packer family is more closely associated with the glory years of the Nine Network, particularly under the late Kerry Packer.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.

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2 COMMENTS

Sarah L 20 Oct 10

Like the sounds of that!

Packers + TV Stations = Good combination.

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Gezza 20 Oct 10

Mr Packer has realised that far from Free TV being in decline it is at the beginning of a long growth run and no doubt is taking a position on the next round of media consolidations whiuch will happen in 2011/12

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