TEN NETWORK’S FINANCE WOES

● Ten has a $200m debt facility backed by key shareholders Illyria and Birketu due to expire on December 23.

● The shareholders have said they won’t extend their guarantee for the loans.

● The move casts doubt over the continuation of the network, which runs popular programs including The Project and MasterChef.

● Ten’s market capitalisation has been slashed from $387m a year ago to just $59m at close of trade last week.