Australia's Foreign Investment Review Board

American broadcaster CBS has secured a deal to buy Australia's third-largest television network, Ten, the embattled station's administrators said on Aug. 28.

The Ten Network was placed in voluntary administration in June after two billionaire backers refused to continue guaranteeing a key loan of Aus$200 million ($159 million).

Rio Tinto on June 26 recommended shareholders accept a new improved offer from Yancoal for its Australian coal assets, after the China-backed firm trumped a fresh bid from Swiss commodities giant Glencore.

Rio, the world's second-largest miner, said in January it was selling Coal & Allied to Yancoal Australia -- majority-controlled by China's Yanzhou Coal -- for $2.45 billion.