Ann: TEN Group Enters Voluntary Administration, page-20

I don't believe the shareholders will lose everything. The company stated that it expects to be profitable in the next couple of years. If that happens and the company receives some temporary funding, plus renegotiate its overseas contracts it will be in a very good shape. It will reappear in the next few months as a lean and profitable operation. Murdochs just want to get Ten for themselves without making a takeover offer.

As long as it makes money as it should it will be worth more then mere $60 mil.