Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 5 : 4-Jan-23

Cricket Australia’s new seven-year broadcasting rights deal with Foxtel and Seven West Media is worth more than $1.5bn. Foxtel will pay about $980m for the broadcasting rights, which equates to nearly $140m a year. However, the Big Bash League will be reduced from 61 matches per season to just 43 under the new rights deal, which runs from 2024-25 to 2030-31. Seven in turn will pay about $65m a year, which is about 13 per cent lower than the cost of its current rights deal. Meanwhile, Ten Network owner Paramount has stated that it did not make a formal bid for the cricket rights.

CORPORATES
CRICKET AUSTRALIA,FOXTEL MANAGEMENT PTY LTD,SEVEN WEST MEDIA LIMITED – ASX SWM,SEVEN NETWORK LIMITED,TEN NETWORK HOLDINGS LIMITED,PARAMOUNT GLOBAL