Australian moguls lose court challenge to CBS' planned buyout of Ten Network

Australian moguls lose court challenge to CBS' planned buyout of Ten Network

FILE PHOTO - A news crew's microphone from Network 10, Australia's third-largest free-to-air television network, is pictured in a hotel ballroom after administrators held the first meeting for creditors of the media company in Sydney, Australia, June 26, 2017. REUTERS/Jason Reed

Two Australian media moguls have lost a court challenge to CBS Corp’s  planned buyout of bankrupt television broadcaster Ten Network Holdings Ltd, allowing the CBS deal to be put to a creditor vote on Tuesday.

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