Ten's recent history shows Australia's third free-to-air network struggling against a backdrop of declining advertising revenue, increasing competition and leadership tussles.
2005 - Ten shares hit a record high of $32.99 in January
2009 - Canadian media group Canwest sells 50 per cent stake in Ten to institutional and sophisticated investors
2010 - Months after Ten's annual profit jumps to $150 million, James Packer buys a 16 per cent stake, half of which he sells to Lachlan Murdoch. The pair join the board, as does Gina Rinehart after buying a 10 per cent stake
2011 - Chief executive Grant Blackley is sacked just two months into the job and the board launches a performance review that results in mass staff cuts. Mr Packer resigns from the board as Seven executive James Warburton is named chief executive, but his appointment is delayed by legal action and Mr Murdoch takes control
2012 - Mr Murdoch appointed chairman and Mr Warburton becomes CEO, before more jobs are cut and Ten twice raises hundreds of millions of dollars from shareholders as its share of TV ad revenue hits historic lows
2013 - Mr Warburton is sacked and is replaced by former News Corp executive Hamish McLennan, fuelling speculation of a News takeover
2014 - Mr Murdoch steps down as chairman, Ms Rinehart quits the board, and Ten enters talks with Foxtel and US cable company Discovery about a combined takeover offer
2015 - No takeover deal is agreed on and Foxtel buys a 15 per cent stake in Ten. Mr McLennan steps down and is replaced by Paul Anderson
June 2017 - Mr Murdoch and fellow shareholder Bruce Gordon say they will not guarantee a new credit facility Ten needs before December. Ten enters voluntary administration on June 14 and shares are suspended, having last traded at 16 cents, down more than 90 per cent over the previous two years.
July 2017 - Mr Murdoch and Mr Gordon signal their intention to take over the besieged network, seeking a review of a joint bid from the competition regulator.
August 22, 2017 - Ten Network says it did not tell shareholders that billionaire James Packer was pulling the plug on his financial support for the troubled broadcaster because his backing was not a factor in its share price.
August 24, 2017 - Mr Murdoch and Mr Gordon are given the regulatory all-clear to launch a joint takeover of the embattled free-to-air network.
August 28 2017 - Ten Network is snapped up by US media giant CBS in a deal that should keep Australia's third commercial free-to-air broadcaster on air.
