BREAKFAST DEALS: Nine's 11th hour

Time is running out for Nine's lenders to reach an agreement on its debt, Ten Network hits a snag on the EYE Corp sale.

Nine Entertainment will try one last time to change the channel from the static that’s summed up the mood between its feuding lenders, before seriously contemplating handing the TV over to receivers. The news comes as rival Ten Network hits some unexpected trouble with its EYE Corp sale, which looked as good as in the bag. Meanwhile, Billabong International faces a new future without a suitor, Echo Entertainment chairman John O’Neill is lining up his opponent in Crown billionaire James Packer and Nathan Tinkler has received a dose of good and bad news.

Nine Entertainment, Goldman Sachs, Apollo Global Management, Oaktree Capital

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