CA chases deals as Nine tipped for tennis losses

Original article by Darren Davidson
The Australian – Page: 21 : 4-Apr-18

Citigroup forecasts that Nine Entertainment Company will lose between $A20m and $A30m per year on its coverage of Australian tennis. However, the firm notes that Nine is already losing about $A50m a year from its cricket coverage. The three commercial TV networks all hope to secure cricket broadcasting rights, with Cricket Australian expected to conclude negotiations for a new rights deal in early April. CA is also said to be close to securing a deal for pay-TV rights.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, CITIGROUP PTY LTD, CRICKET AUSTRALIA, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED, CBS CORPORATION, BIG BASH LEAGUE, DEUTSCHE BANK AG

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