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Deals Rumor Mill: Ten Network, Loral, Scripps

By Chelsea Naso (June 24, 2014, 1:25 PM EDT) -- Providence Equity Partners LLC, a U.S. speciality media buyout firm, is said to be in discussions to snap up struggling Australian broadcaster Ten Network Holdings, a source told Reuters on Tuesday. A deal would be an embarrassing exit for some of Australia's most powerful people, who have taken large stakes in the company. Ten's four largest investors include mining billionaire and Australia's richest person Gina Rinehart, News Corp. boss Rupert Murdoch's son Lachlan Murdoch, billionaire casino mogul James Packer and regional television station owner Bruce Gordon, the report said. The talks are still in very early stages. ...

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