Ten Network's secured creditors and staff will be paid out in full under the restructuring plan to sell the company to the US broadcasting giant CBS.
But key content providers such as production houses on contract to Ten will only be paid in full if they remain with the network.
In a statement, Ten administrators KordaMentha said CBS was working with the Rupert Murdoch-controlled 20th Century Fox to renegotiate its content agreement with the network that is estimated to be worth $200 million.
If a deal cannot be struck, the administrators say CBS will give Fox a one-off payment of up to $3.4 million to settle outstanding debts.
Under the restructuring, major production houses will be compensated by CBS with Warner Brothers Australia receiving $2.3 million, ITV Studios $1.9 million, Fremantle Media $425,000 and Endemol Shine $1 million.
The production houses are described as "critical creditors who provide key content and have an ongoing relationship" with the Ten Network.
Priority creditors include Ten Network staff who are covered for between $14.1 million and $56.2 million, which includes annual and long-service leave entitlements with the upper range for redundancy payments.
CBS emerged as the winning bidder for Ten on August 28 when it entered into a binding agreement to buy the broadcaster's business and assets.
The deal, which is subject to Foreign Investment Review Board approval, is a blow to media magnates Lachlan Murdoch and Bruce Gordon who were seen as leading contenders.
Earlier the Australian Competition and Consumer Commission said it would not oppose the Murdoch/Gordon proposal saying it would not substantially weaken competition in the media sector.
Ordinary shareholders to miss out on payout
The KordaMentha report said it did not identity "any improper conduct" in the lead-up to the appointment of administrators.
Ordinary shareholders of the Ten Network including the billionaire miner Gina Rinehart will receive no payment under the restructuring deal.
Creditors will meet in Sydney on September 12 to vote on a deed of company arrangement which will transfer ownership to CBS subject to Foreign Investment Review Board approval.
Ten was placed into voluntary administration in June after its billionaire creditors Mr Murdoch, Mr Gordon and James Packer backed away from guaranteeing a new $250 million line of credit.
Follow Peter Ryan on Twitter @peter_f_ryan
