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Death knell for Ten? Major US merger of parent company Paramount threatens the struggling Aussie network's survival
The future of Channel Ten appears uncertain after its parent company, American media giant Paramount Global, sold itself to Skydance Pictures.
Media analyst and Pearman director of strategy and research Steve Allen said at the time: 'A new owner of Paramount Global is unlikely to see Ten as an asset worth retaining because the business is in serious turmoil. Professors Amanda Lotz and Anna Potter from the Queensland University of Technology both shared their agreement, but added it was as much about the current media landscape as it is funding issues. Lotz, who leads the Transforming Media Industries research program, said she believes Ten will drown 'by the end of the decade' and leave behind only 'two commercial broadcasters' - rivals Nine and Seven.
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