Sign Up Now!

Sign up and get personalized intelligence briefing delivered daily.


Sign Up

Articles related to "tennis"


In tennis rights fight, did McLennan play everyone?

  • In March 2013, the new chief executive of Network Ten Holdings reached out to his counterpart at Tennis Australia, Steve Wood, with what the passage of history suggests was a mischievous offer: the perennially third-ranked commercial TV network might be willing to pay $50 million a year to broadcast the Australian Open at home.
  • Seven West Media, which is controlled by billionaire Kerry Stokes, paid about $20 million for the Australian rights, a sum that Tennis Australia's external advisers said grossly undervalued a feature event of the most popular individual sport on earth.
  • After being given access to Seven's accounts from previous tournaments, to determine its capacity to pay, the Tennis Australia board unanimously agreed on May 20, 2013, to accept an offer worth $39 million a year.

save | comments | report | share on