Channel Nine News

A part of Australia's biggest  TV channel, the Nine Entertainment Group, is facing a serious financial situation, and could go into receivership.
 

A rift has emerged between the major hedge funds, and a $3.2 billion debt has to be paid by the Nine network, so its fate is in the lenders’ hands. There was  a meeting today between the Nine network and the lenders to try to resolve the impasse. There are still some obstacles between senior leaders. Some seek a compromise and some are aggressive to keep their opinion.

All the  local stars' salaries would come under the microscope, and The Voice, 60 Minutes and Big Brother also would come under scrutiny. For instance, The Voice cost $30 million to run, including $1 million each for four judges.

News from The Daily Telegraph