Editing Network 10 (section)

===2016–2017: New affiliation and financial troubles===
A high-definition simulcast of 10 was revived on 2 March 2016. As a result, [[10 Bold|One]], now known as 10 Bold, began broadcasting in standard definition only.<ref name="TENInsider" /><ref name="TVTlaunch">{{cite web|publisher=[[TV Tonight]]|first=David|last=Knox|url=http://www.tvtonight.com.au/2016/02/ten-in-high-definition-from-march-2.html|title=TEN in High Definition from March 2|date=22 February 2016|access-date=22 February 2016|archive-date=22 February 2016|archive-url=https://web.archive.org/web/20160222095217/http://www.tvtonight.com.au/2016/02/ten-in-high-definition-from-march-2.html|url-status=live}}</ref>

On 29 April 2016, the [[Nine Network]] pulled its regional affiliation with [[WIN Television]] over a lawsuit involving its catch-up service [[9Now]], and announced a new affiliation agreement with [[Southern Cross Austereo]], Ten's then-primary regional affiliate. Ten subsequently negotiated a five-year affiliation deal with WIN;<ref>{{cite web |last=Mitchell |first=Jake |date=29 April 2016 |title=Nine win shows media law absurdity: WIN chief Andrew Lancaster |url=http://www.theaustralian.com.au/business/media/nine-win-shows-media-law-absurdity-win-chief-andrew-lancaster/news-story/8448e7ca97fed22ff1726e979e94d1f7 |url-access=subscription |access-date=29 April 2016 |publisher=The Australian}}</ref><ref>{{cite web |url=http://www.theaustralian.com.au/business/media/nine-ten-to-swap-affiliate-partners/news-story/0ea3e8e044ef5d522e5a58aace682f90 |title=Nine, Ten to swap affiliate partners |last1=Mitchell |first1=Jake |last2=Davidson |first2=Darren |date=2 May 2016 |publisher=The Australian |access-date=23 May 2016 |archive-date=5 June 2016 |archive-url=https://web.archive.org/web/20160605075658/http://www.theaustralian.com.au/business/media/nine-ten-to-swap-affiliate-partners/news-story/0ea3e8e044ef5d522e5a58aace682f90 |url-status=live}}</ref> the new affiliations took effect on 1 July, with WIN becoming the carrier of Network Ten programming in regional Queensland, Northern NSW, Southern NSW, Victoria, Tasmania, South Australia, Western Australia, the Australian Capital Territory and the Gold Coast.<ref>{{cite web |url=http://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2016/TEN%20And%20WIN%20Network%20Announce%20New%20Program%20Supply%20Agreement.pdf |title=TEN And WIN Network Announce New Program Supply Agreement |date=23 May 2016 |publisher=Ten Network Holdings |access-date=23 May 2016 |archive-url=https://web.archive.org/web/20160619014837/http://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2016/TEN%20And%20WIN%20Network%20Announce%20New%20Program%20Supply%20Agreement.pdf |archive-date=19 June 2016 |url-status=dead}}</ref><ref>{{cite web |last=Mitchell |first=Jake |date=23 May 2016 |title=Bruce Gordon's WIN confirms affiliate deal with Ten Network |url=https://www.theaustralian.com.au/business/bruce-gordons-win-confirms-affiliate-deal-with-ten-network/news-story/3b2b5a54f9a22d1863448e534dda76eb |url-access=subscription |access-date=8 February 2022 |publisher=The Australian}}</ref> WIN owner and Ten's largest shareholder [[Bruce Gordon (businessman)|Bruce Gordon]] positioned himself to increase his ownership stake in Ten, subject to changes to media ownership laws being passed.<ref>{{cite news|last1=Mason|first1=Max|title=Bruce Gordon ups his bet on Ten Network|url=https://www.smh.com.au/business/media-and-marketing/bruce-gordon-ups-his-bet-on-ten-network-20160622-gpp06t.html|access-date=3 November 2017|work=The Sydney Morning Herald|date=22 June 2016|archive-date=7 November 2017|archive-url=https://web.archive.org/web/20171107055848/http://www.smh.com.au/business/media-and-marketing/bruce-gordon-ups-his-bet-on-ten-network-20160622-gpp06t.html|url-status=live}}</ref>

Following Ten Network Holdings reporting a $232 million half year loss, billionaire shareholders [[Lachlan Murdoch]], Bruce Gordon and James Packer withdrew support for $250 million guaranteed loan that would help keep Ten out of receivership.<ref>{{cite web |url=http://www.abc.net.au/news/2017-04-27/ten-network-struggles-to-survive-after-another-big-loss/8475774 |title=Ten Network casts 'significant doubt' on its viability after announcing $232m first-half loss |last=Ryan |first=Peter |date=27 April 2017 |publisher=Australian Broadcasting Corporation |access-date=13 June 2017 |archive-date=13 June 2017 |archive-url=https://web.archive.org/web/20170613105422/http://www.abc.net.au/news/2017-04-27/ten-network-struggles-to-survive-after-another-big-loss/8475774 |url-status=live}}</ref><ref>{{cite web |date=13 June 2017 |title=Network Ten's future in doubt as billionaire backers Murdoch and Gordon pull their support |url=http://www.heraldsun.com.au/business/network-tens-future-in-doubt-as-billionaire-backers-murdoch-and-gordon-pull-their-support/news-story/a32e1586eab032479eddff2a2782afbe |url-access=subscription |access-date=12 June 2017 |publisher=Herald Sun}}</ref><ref>{{cite news |last=Mason |first=Max |date=11 June 2017 |title=Ten's billionaire shareholders back away from loan guarantee |url=http://www.afr.com/business/media-and-marketing/tv/tens-billionaire-shareholders-back-away-from-loan-guarantee-20170611-gwp0ro |work=The Australian Financial Review |location=Sydney |access-date=13 June 2017 |archive-date=11 June 2017 |archive-url=https://web.archive.org/web/20170611160511/http://www.afr.com/business/media-and-marketing/tv/tens-billionaire-shareholders-back-away-from-loan-guarantee-20170611-gwp0ro |url-status=live}}</ref> This loan was intended to replace an existing guaranteed $200 million loan that was due to expire in December.<ref>{{cite news |last=Mason |first=Max |date=27 April 2017 |title=Network Ten seeks to extend billionaire backed loan |url=http://www.afr.com/business/media-and-marketing/tv/network-ten-seeks-to-extend-billionaire-backed-loan-20170426-gvsis8 |work=The Australian Financial Review |location=Sydney |access-date=13 June 2017 |archive-date=11 June 2017 |archive-url=https://web.archive.org/web/20170611034135/http://www.afr.com/business/media-and-marketing/tv/network-ten-seeks-to-extend-billionaire-backed-loan-20170426-gvsis8 |url-status=live}}</ref> On 13 June, Ten asked the [[Australian Securities Exchange]] that their stock be placed in a 48-hour trading halt while it assessed its options concerning receivership.<ref>{{cite web |url=http://www.abc.net.au/news/2017-06-13/ten-network-fails-to-find-a-financial-backer/8612656 |title=Ten Network in trading halt and facing receivership after failing to secure financial backer |last=Letts |first=Stephen |date=13 June 2017 |publisher=Australian Broadcasting Corporation |access-date=13 June 2017 |archive-date=13 June 2017 |archive-url=https://web.archive.org/web/20170613053523/http://www.abc.net.au/news/2017-06-13/ten-network-fails-to-find-a-financial-backer/8612656 |url-status=live}}</ref><ref>{{cite web |url=http://www.skynews.com.au/business/business/company/2017/06/13/network-ten-places-shares-in-trading-halt.html |title=Network Ten places shares in trading halt |date=13 June 2017 |publisher=Sky News Australia |access-date=13 June 2017 |archive-date=16 June 2017 |archive-url=https://web.archive.org/web/20170616014700/http://www.skynews.com.au/business/business/company/2017/06/13/network-ten-places-shares-in-trading-halt.html |url-status=live}}</ref> It went into voluntary administration the following day.<ref name="SMHadmin">{{cite news |last=Danckert |first=Sarah |date=14 June 2017 |title=Network Ten heads into voluntary administration |url=https://www.smh.com.au/business/media-and-marketing/network-ten-heads-into-voluntary-administration-20170614-gwqo47.html |work=The Sydney Morning Herald |location=Sydney |access-date=14 June 2017 |archive-date=29 August 2017 |archive-url=https://web.archive.org/web/20170829011122/http://www.smh.com.au/business/media-and-marketing/network-ten-heads-into-voluntary-administration-20170614-gwqo47.html |url-status=live}}</ref><ref name="BIAadmin">{{cite news |last=Pash |first=Chris |date=14 June 2017 |title=The Ten network is in administration |url=https://www.businessinsider.com/the-ten-network-is-in-administration-2017-6 |work=Business Insider Australia |location=Sydney |access-date=14 June 2017 |archive-date=14 June 2017 |archive-url=https://web.archive.org/web/20170614045439/https://www.businessinsider.com.au/the-ten-network-is-in-administration-2017-6 |url-status=live}}</ref>

On 28 August 2017, Ten's administrators announced that the U.S. media company [[CBS Corporation]] (which had a 33% share in the multichannel Eleven and was Ten's largest creditor) had entered into a binding agreement to purchase the company for $123 million. CBS refinanced Ten's existing debt including guarantor fees to billionaire shareholders James Packer, Lachlan Murdoch and Bruce Gordon, and existing loans from the Commonwealth Bank. Shareholders in Ten Network Holdings lost their investment.<ref name="CBS to buy Ten">{{cite news|url=https://www.smh.com.au/business/companies/us-company-cbs-to-buy-ten-network-20170828-gy5doc.html|title=US broadcaster CBS to buy Ten Network|last=Battersby|first=Lucy|date=28 August 2017|work=The Sydney Morning Herald|access-date=8 February 2022|archive-date=9 February 2022|archive-url=https://web.archive.org/web/20220209042807/https://www.smh.com.au/business/companies/us-company-cbs-to-buy-ten-network-20170828-gy5doc.html|url-status=live}}</ref><ref>{{cite news|last1=Battersby|first1=Lucy|title=CBS claiming debts of $843 million from Network Ten|url=https://www.smh.com.au/business/companies/cbs-claiming-debts-of-843-million-from-network-ten-20170710-gx8bmq.html|access-date=8 February 2022|work=The Sydney Morning Hearald|date=11 July 2017|archive-date=9 February 2022|archive-url=https://web.archive.org/web/20220209042816/https://www.smh.com.au/business/companies/cbs-claiming-debts-of-843-million-from-network-ten-20170710-gx8bmq.html|url-status=live}}</ref>

Gordon and Murdoch had also placed their own joint bid for the company, which was not endorsed by the administrators.<ref>{{Cite news|url=https://www.smh.com.au/business/companies/disappointed-underbidders-lachlan-murdoch-and-bruce-gordon-should-not-be-able-to-stall-ten-deal-court-hears-20170907-gychte.html|title=Billionaire Ten backer Bruce Gordon wins first round in challenge to CBS takeover|last=Whitbourn|first=Michaela|date=7 September 2017|work=The Sydney Morning Herald|access-date=8 February 2022|archive-date=9 February 2022|archive-url=https://web.archive.org/web/20220209042807/https://www.smh.com.au/business/companies/disappointed-underbidders-lachlan-murdoch-and-bruce-gordon-should-not-be-able-to-stall-ten-deal-court-hears-20170907-gychte.html|url-status=live}}</ref> At a meeting held on 12 September, Ten's creditors overwhelmingly voted in support of CBS' bid, citing concerns over Murdoch's previous management of Ten and talk of mass job cuts in the news department under Murdoch/Gordon ownership.<ref>{{cite news |last=Mason |first=Max |date=19 September 2017 |title=Network Ten creditors' meeting votes for CBS |url=https://www.afr.com/companies/media-and-marketing/network-ten-creditors-meeting-votes-for-cbs-over-bruce-gordon-and-lachlan-murdoch-20170919-gyk94o |work=The Australian Financial Review |access-date=8 February 2022 |archive-date=9 February 2022 |archive-url=https://web.archive.org/web/20220209042810/https://www.afr.com/companies/media-and-marketing/network-ten-creditors-meeting-votes-for-cbs-over-bruce-gordon-and-lachlan-murdoch-20170919-gyk94o |url-status=live}}</ref><ref>{{cite news|last1=Kruger|first1=Colin|title=CBS won because Network Ten employees didn't want Lachlan Murdoch to come back|url=https://www.smh.com.au/business/companies/cbs-won-because-network-ten-employees-didnt-want-lachlan-murdoch-to-come-back-20170919-gykjmk.html|access-date=8 February 2022|work=The Sydney Morning Herald|date=20 September 2017|archive-date=9 February 2022|archive-url=https://web.archive.org/web/20220209042815/https://www.smh.com.au/business/companies/cbs-won-because-network-ten-employees-didnt-want-lachlan-murdoch-to-come-back-20170919-gykjmk.html|url-status=live}}</ref>

The CBS acquisition was completed on 16 November 2017, when the shares of Ten Network Holdings were transferred to CBS Network Ten [[Besloten vennootschap met beperkte aansprakelijkheid|BV]], a company registered in the Netherlands.<ref>[https://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2017/CBS%20Corporation%20Completes%20Acquisition%20Of%20Ten%20Network.pdf CBS Corporation Completes Acquisition Of Ten Network.] {{Webarchive|url=https://web.archive.org/web/20171116132657/https://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2017/CBS%20Corporation%20Completes%20Acquisition%20Of%20Ten%20Network.pdf |date=2017-11-16}}, Ten Network Holdings, 16 November 2017.</ref><ref>[https://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2017/Request%20For%20Removal%20From%20The%20Official%20List.pdf Request For Removal From The Official List], {{webarchive |url=https://web.archive.org/web/20171116133449/https://images.tenplay.com.au/~/media/Corporate%20Site%20Media/Files/Media%20Releases/2017/Request%20For%20Removal%20From%20The%20Official%20List.pdf |date=16 November 2017}}, Ten Network Holdings, 15 November 2017.</ref><ref>{{cite web |last1=Kruger |first1=Colin |date=16 November 2017 |title=Euro Ten |url=https://www.msn.com/en-au/money/company-news/jessica-rudd-steaks-her-claim-on-china/ar-BBEZGFA?li=AAgfOd8 |url-status=live |archive-url=https://web.archive.org/web/20171116043536/http://www.msn.com/en-au/money/company-news/jessica-rudd-steaks-her-claim-on-china/ar-BBEZGFA?li=AAgfOd8 |archive-date=16 November 2017 |access-date=16 November 2017 |website=MSN Money |publisher=The Canberra Times}}</ref>