Nine Entertainment could end up securing a multimillion-dollar broadcast deal for the Melbourne Cup after rival Seven West Media abruptly decided to withdraw from the negotiating process.
ASX-listed wagering giant Tabcorp is finalising a deal with Victoria Racing Club, owner of the Melbourne Cup rights, and has run a bidding process for several months to offload some coverage to a television network (it is required to offer the rights under federal anti-siphoning laws).
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
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
