- Sep 15, 2011
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- AFL Club
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This has been a hilarious own goal. Murdoch and co deliberately pulled their funding to short the price (screwing over smaller investors at the same time), expecting the media reform to go through. Instead, CBS swoops in and buys Ten, they are unlikely to get 100c in the dollar back on their investment, and CBS will launch a competitor to Foxtel. Embarrassing business nous.