New bid for Channel 10

BRUCE Gordon and co-chairman of the Gold Coast Bulletin publisher News Corp, Lachlan Murdoch have lobbed a new bid for Network Ten, triggered by media reforms, that betters their original offer and trumps that of rival bidder CBS.

In the latest twist to a dramatic battle for control of Australia’s third-placed free-to-air broadcaster, Ten administrator KordaMentha received the new proposal at lunchtime yesterday.

It came after the Federal Government on Thursday passed sweeping overhauls of media ownership laws.