June 13, 2017 / 12:30 AM / 5 months ago

Australia's Ten Network says Lachlan Murdoch and second backer call time on debt

June 13 (Reuters) - Australian television station Ten Network Holdings Ltd said two high profile backers, including News Corp co-chairman Lachlan Murdoch, have informed it they won’t extend their support for the company’s loan facility after 2017.

The youth-oriented free-to-air braodcaster said in a statement on Tuesday that Murdoch’s private company Illyria Pty Ltd and Birketu Pty Ltd, owned by regional television owner Bruce Gordon, would not extend a credit facility which expires on Dec. 23, 2017.

Reporting by Ambar Warrick in Bengaluru; Editing by Byron Kaye and Richard Pullin

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