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TVN Gives Price Assurances

Thursday, 22nd September 2005

TVN has advised Australian pubs and clubs of its pricing policy for the provision of television coverage of thoroughbred races conducted in Sydney, Victoria and Darwin. TVN Chief Executive Peter Sweeney declared: "TVN, in its own capacity and as an agent for the AJC and STC, is providing a significant rebate in year one and will ensure that no pub or club is disadvantaged. The pricing policy ensures that no venue will pay a combined TVN/SKY Channel rate card fee exceeding 100% of the amount previously charged by SKY as at September 1, 2004. "It is expected that the fee charged by TVN to pubs and clubs will be equivalent to 18% of their SKY Channel rate as of September 1, 2004."

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