Nine and Ten offer $900m for cricket

Original article by Max Mason
The Australian Financial Review – Page: 28 : 9-Apr-18

The Ten Network would broadcast one-day internationals and all Twenty20 matches if its joint bid with Nine Entertainment Company is accepted by Cricket Australia. Nine would only broadcast Test matches under a revised bid by the two networks. Their offer is worth around $A150m a year, or $A900m over the six-year life of the new broadcasting rights deal. Cricket Australia has previously rejected a joint bid from Nine and Ten that was worth about $A130m a year. Meanwhile, Fox Sports has cited the lack of progress regarding a rights deal for its decision to withdraw from negotiations with Cricket Australia.

CORPORATES
TEN NETWORK HOLDINGS LIMITED, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, CRICKET AUSTRALIA, FOX SPORTS AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM, TENNIS AUSTRALIA

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