The directors connected with Canwest, Leonard Asper and Thomas Strike, have resigned from Ten's board, effective immediately.
Peter Viner, president of Canwest's broadcasting arm, will remain as a director, Ten said on Friday.
Ten executive chairman Nick Falloon said there had been a positive reception to, and wide institutional support for the sell-down of the Canadian media group's investment in Ten.
"As a result of the changed circumstances, Leonard and Tom are stepping down from the board," Mr Falloon said.
The Ten board now comprises five directors: Mr Falloon, Jack Cowin, Paul Gleeson, John Studdy and Mr Viner.
In September, debt-laden Canwest announced it would sell down its stake in Ten, earning it about $680 million.
Canwest said it sold the shares to a broad range of institutional and sophisticated investors at $1.30 each.
Ten will release its annual result on October 22.
People in BusinessCanwest sell-off ‘will strengthen Ten’