SBD/Issue 103/Sports Media

TVG Ends Talks To Simulcast Races At CDI-Owned Tracks

TVG Cuts Off Negotiations
With Churchill Downs Inc.
TVG is “cutting off negotiations with Churchill Downs Inc. [CDI] over new contracts to carry the company’s races,” according to Gregory Hall of the Louisville COURIER-JOURNAL. The net said that it will “devote more programming, production and promotions to non-Churchill tracks, citing [CDI’s] downsizing.” TVG GM David Nathanson in a statement said, “We were seeing continued growth in our television distribution and account wagering handle, as [CDI] continued to divest of racetrack properties, diminishing its importance to our business.” TVG said that wagers by its subscribers on CDI races have “dropped under 13[%] from more than 30[%] of its total wager.” Hall notes CDI officials recently “expressed frustration over” their relationship with TVG and told investors “that they are re-examining how the company approaches account wagering.” CDI has “not elaborated on what form that would take.” CDI Chief Development Officer Bill Carstanjen in a statement said, “We are fully exploring our options going forward with regards to television and account-wagering rights.” TVG said that it will continue showing races from CDI tracks “until those individual contracts expire” (COURIER-JOURNAL, 2/16).

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Related Topics:

Churchill Downs Inc., Media

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