CANBERRA, Australia—Television entrepreneur Bruce Gordon and Lachlan Murdoch, the son of media mogul Rupert Murdoch, have lost a legal bid to thwart the takeover of insolvent Ten Network Holdings Ltd. by U.S. broadcasting giant CBS Corp.Messrs. Gordon and Murdoch had challenged in court the proposed buyout of Ten Network—worth 201.1 million Australian dollars (US$161 million)—arguing their own bid to buy the company wasn’t properly...

Source: Wall Street Journal September 18, 2017 05:48 UTC