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All NSW & Vic Media Rights To TVN Until 2028

Friday, 15th June 2012

TVN chairman Harold Mitchell announced "the media rights to all thoroughbred racing in NSW, incorporating the Australian Turf Club (Sydney's Royal Randwick, Rosehill Gardens, Warwick Farm & Canterbury Park) & Provincial & Country NSW will be assigned to the thoroughbred industry-owned media company TVN" & "as a consequence, TVN will hold the rights for Australia's premium racing content, that being Victorian & NSW thoroughbred racing, until 2028". Mitchell noted: "It is intended that a new Board & management structure will be established for the new era at TVN with both Principal Racing Authorities (Racing Victoria & Racing NSW) having representation on the TVN Board. It is expected that a transition to the new board & structure will be completed by the end of July, at which time the current board will step down." And Mitchell emphasised: "TVN & its shareholder clubs have been world leaders in establishing a sporting industry-owned media company. In Australia & around the world, sporting authorities & their clubs are now following the principle of controlling their own media. . . . . The decision to aggregate the NSW & Victorian rights is clearly a significant step taken by racing & it will underpin the future stability & growth of the sport. There are expanding opportunities for TVN's premium Australian racing product internationally, particularly in the Asian time-zone. The exploitation of these aggregated media rights will now ensure that the financial returns to thoroughbred racing & maximised. This was the reason TVN was created."

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