Original article by James Chessell, Dominic White
The Australian Financial Review – Page: 23 : 20-Nov-14

A new deal is about to be struck for the TV broadcasting rights in Australia to Formula One automobile racing. Insiders say free-to-air group Ten Network and pay TV provider Foxtel will jointly hold the rights after Ten’s current exclusive contract ends in late 2015. The price is tipped to be around $A30m per annum compared with $A10m now. Meanwhile it appears US-based media group Time Warner is no longer interested in a takeover of Ten, which remains a target of suitors Discovery Communications and Foxtel

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, TELSTRA CORPORATION LIMITED – ASX TLS, NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, FORMULA ONE HOLDINGS LIMITED, FOX SPORTS AUSTRALIA PTY LTD, TIME WARNER INCORPORATED, DISCOVERY COMMUNICATIONS INCORPORATED, CITIGROUP PTY LTD