CBS paying at least $162m cash for Australia's Ten Network

CBS paying at least $162m cash for Australia's 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

CBS Corp will pay at least A$201.1 million ($162 million) in cash to buy Australian broadcaster Ten Network Holdings, according to documents released on Monday by Ten’s administrator.

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