Business News

Australia’s Tabcorp Holdings will lose its rights to broadcast thoroughbred horse racing in New South Wales and Victoria from tomorrow following a breakdown in negotiations with media rights holder ThoroughVisioN (TVN).

The previous long-term contract in place between Tabcorp subsidiary Sky Racing and TVN expired on December 31st 2012. It has since formed the basis of multiple short-term rollover arrangements, while the parties worked to agree a new, long-term arrangement.

Tabcorp failed however to agree on terms to renew its licence with TVN, whose owners, the metropolitan Sydney and Victorian turf clubs, control the broadcasting rights to thoroughbred racing in NSW and Victoria.

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