As Network Ten called in the administrators, some of the network's stars and other television presenters have taken to social media to express their dismay and assure fans the show will go on.

The broadcaster had been forced into voluntary administration on Wednesday after its billionaire shareholders Lachlan Murdoch and regional media czar Bruce Gordon said on the weekend they would no longer back a key loan. 

As administrators from KordaMentha are taking the reigns, the company told investor operations would continue on "as much as possible on a business as usual basis".

​It was in that spirit that Ten Eyewitness News' Melbourne host Stephen Quartermain told his followers on Twitter:

Marcus Middleton, national online editor Channel Ten News struck a similar tone..

Sky news' Tracey Spicer, who in late 2006 was sacked by email by Ten after returning from maternity leave, voiced her support for contractors while Nine's Tracey Grimshaw also expressed concern for colleagues at Ten.

'We are all looking for a job'

Outside Channel Ten one employee, who didn't want to be named, said more effort should have been made to keep staff informed.

"It feels like the entire year we have had this hanging over our head, " the employee said.

"And we are so under-resourced at the moment. We are all working like crazy ...they don't seem to recognise the time we are all putting in

"When the news came, it was still a shock. I knew something was happening. We were all gathered around. There was this feeling of trepidation," the staff member said.

"I think there was concern that it would just implode immediately and we would all be without our jobs."

The employee said it was good that they would keep working through the process, but their "biggest worry" was whether their entitlements would be paid out.

"We are all openly looking for a job," the staff member said.

But another staff member said they had been there before and it was business as usual inside the office.