Original article by Samantha Bailey, Dana McCauley
The Australian – Page: 19 : 17-Apr-18
Tennis and cricket broadcasting rights generate a loss for the Seven and Nine networks, and this is likely to continue when the sports change networks. Nine is estimated to have lost around $A50m a year from its cricket coverage, but Citigroup forecasts that its annual losses from tennis broadcasts will be within the range of $A20m to $A30m. Meanwhile, UBS forecasts that Seven will gain an increased share of advertising revenue at the expense of Nine and Ten following their loss of cricket broadcasting rights.
SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD, FOXTEL MANAGEMENT PTY LTD, CRICKET AUSTRALIA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS