A takeover could end Ten's dramas

As internet-streaming services look set to disrupt the TV landscape, a bid by Foxtel and Discovery for Ten could be a clever strategic move.

Ten Network's confirmation that it has received proposals from "a number of parties" that could lead to a change of control or a refinancing of its debt confirms that others see upside in the beleaguered network where the market doesn't.

They might not be prepared to pay much for that upside: market speculation has centred on an offer of 20c to 25c a share from US cable network Discovery Communications and Foxtel. However, the interest in Ten does tend to contrast with the pessimism with which the market has increasingly viewed the network as its fortunes have inexorably declined.

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