Original article by John Stensholt
The Weekend Australian – Page: 5 : 1-Sep-18
‘The Ten Network is expected to announce on 3 September that it has secured the rights to broadcast the Melbourne Cup horse racing carnival as from 2019. It is understood that Ten will pay over $10 million a year for the rights, as much as five times more than current broadcaster Seven West is believed to be paying. Seven will also cease broadcasting the Australian Open tennis in 2019, but has teamed up with Foxtel to take the cricket from Nine, which will now show the tennis.
TEN NETWORK HOLDINGS LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FOXTEL MANAGEMENT PTY LTD