Ten tells Packer and Murdoch – you can have two seats only

Tim Burrowes

November 1, 2010 9:46

The Ten Network has today confirmed that it has offered new investors James Packer and Lachlan Murdoch two seats on the company board, rather than three they had been seeking.

The company has also signalled that executive chairman Nick Falloon is likely to exit, saying it had planned for the role to be downgraded to a non-executive one even before Packer launched his raid.

It said the move would be “at a time to be agreed”. It added: ” Board consideration of a new Chairman would follow at that time.”

The statement:

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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.