Network Ten has lost the Melbourne Cup, leaving Nine Entertainment and Seven West Media to compete for the broadcast rights from next year.
The Paramount-owned Ten said in a statement on Thursday that it had decided not to proceed with negotiations for the rights with Victoria Racing Club and Tabcorp due to “commercial constraints”.
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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
