Ten's content is pretty much land locked on their network, and it's mostly "One swing" shows, where they have one chance to generate ad revenue, before the episode is shelved in the archives.
Their future is going to come down to how much market share they can take, using generic programing in fixed timeslots, in a world where there is growing sources of content where consumers can tailor their content to their preferred genres and time shift it as they like.
I guess I just don't see it as a growth business, they are heavily tied to one distribution type which is going to come under enormous pressure.
My money is on Disney, the business model just makes a lot more sense to me.