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SBD Global/January 3, 2013/Media
TVN Wins Aggregated Rights Of NSW, Victoria Racing Through '28
Published January 3, 2013
CLEANING HOUSE: In Sydney, Chris Roots wrote the aggregation deal "effectively saved TVN and should allow the sport to move on from the ugly brawling of the past decade." Part of the deal will be a sweep-out of management at TVN. Mark II of the channel "will be put in place in the next month with a board of eight members." Racing NSW and the Australian Turf Club will have two seats each, while the four shareholders from Victoria will each have one seat. There will be an independent chairman, "most likely former News Ltd. CEO John Hartigan," as well as a new CEO, "who has extensive media experience, and there is a possibility of an experienced offsider joining him" (SYDNEY MORNING HERALD, 12/31).