Australia's Ten Network is reportedly in talks with Canadian parent company CanWest Global Communications about buying CanWest's two New Zealand television stations TV3 and TV4, and its NZ radio assets.
The deal looks increasingly likely because it would help CanWest reduce debt following its recent purchase of the publishing assets of Conrad Black's Hollinger International. CanWest would still have a share of NZ profits through its 57.5% interest in Ten.
Meanwhile, Ten and Village Roadshow are expected to reveal the branding of their internet portal Village Ten Online within a week. The joint venture was signed late last year.