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Major US Network Set To Purchase Channel 10

BREAKING

Major US Network Set To Purchase Channel 10 Image: Getty

Major US television network CBS has entered a binding agreement to buy the struggling Channel 10 this morning.

The Australian broadcaster was placed into voluntary administration in June after its billionaire backers stepped away.

CBS is already one of Channel 10's key program partners having owned one third of the channel 11 since 2011.

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