Ten to pay 21st Century Fox $3.4m if negotiations fall through

Network Ten will pay just $3.4m to News Corporation’s 21st Century Fox unless a new content agreement is negotiated, the administrator’s report  on the network has revealed.

While the Murdoch-owned media corporation’s liabilities are estimated to be around $195m, the company will receive a fixed amount of $3.4m, unless it can re-negotiate its contract.