Seven West Media commercial director Bruce McWilliam will find an early Christmas gift of $1 in his letterbox this week after Network Ten returned the gold coin to the media executive following a successful appeal against free-to-air rivals Seven and Nine Entertainment Co.

The three commercial networks have been in court since February arguing about the sale of Ten’s share of a jointly-owned transmission tower business called TX Australia (TXA).

Seven West Media commercial director Bruce McWilliam will receive his $1 coin back from Network Ten. Credit:Daniel Munoz

When Ten went into administration last year it triggered a contractual clause that gave Nine (the owner of this website) and Seven the right to buy the network’s 33.3 per cent stake in the business. US-based entertainment giant CBS bought the beleaguered network shortly after and took it out of administration.

Since then, the broadcasters have disagreed on how much Nine and Seven should pay for the remaining third of the transmission company, which provides crucial broadcasting services across Sydney, Melbourne, Brisbane, Perth and Adelaide.