Ten receives expressions of interest and could be out of administration ‘in two months’

The administrator of stricken Network Ten has confirmed several expressions of interest have been received from firms keen to salvage the broadcaster as he declared it “very, very unlikely” it will go to the wall.

KordaMentha partner, Mark Korda, was unable to reveal how many it had received  – claiming he had not studied the list – but said several potential backers had shown interest, including from overseas.

At this stage, any interest is limited to exploring the possible refinancing of Ten in some capacity and does not mean KordaMentha has received offers to buy the network.