Tabcorp is asking commercial television networks to express their interest in buying the domestic broadcast rights to the Melbourne Cup – a deal it expects could generate up to $100 million over five years.
The ASX-listed wagering group, which already owns the international broadcast rights to the marquee thoroughbred event, has been granted permission by the Victoria Racing Club to explore interest in sublicensing the domestic rights before it agrees to sign a deal for them.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
