Cleavy
Hall of Famer
Nine takes Olympics TV rights from Seven as cricket mulls its future
Media sources, who spoke anonymously because the talks are confidential, said two bids were submitted before the deadline on Wednesday evening.
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https://www.heraldsun.com.au/sport/...x/news-story/0668974d0da85bd8921c0bd76eff02ab (paywall)
Channel 7 has officially pulled out of bidding for the Olympic Games TV rights, in a further twist to cricket’s own broadcasting race.
News Corp understands Seven chief executive James Warburton sent an all-staff email on Friday informing employees of the company’s decision to withdraw from the Olympics rights, which the network has held almost every year dating back to 1956.
Nine are set to claim the Olympics rights with a colossal leading bid industry insiders say is in excess of $300 million, and estimated to be $100 million more than what Seven was willing to offer for the next cycle of Olympics and Winter Olympics up until the Brisbane 2032 Games.