Original article by Leo Shanahan
The Australian – Page: 13 & 19 : 6-May-20
Nine Entertainment CEO Hugh Marks says the cost of sports broadcasting rights must become more sustainable in the wake of the coronavirus pandemic. He stresses that Nine has not reached an agreement with the National Rugby League regarding how much it will pay to broadcast the 2020 season. Nine had originally agreed to pay $118m for the 2020 rights, but it is believed to have offered about $90m after the NRL season was put on hold. Marks has indicated that Nine would be prepared to walk away from the NRL if it does not "pay its way". Nine’s current broadcasting rights deal expires in 2022.
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NATIONAL RUGBY LEAGUE