Seven Sport

[TV.Cynic]

Interesting comments at AGM - looks like Seven will be dropping underperforming sports.

@TV.Cynic

It became evident that in light of this softer market outlook, some of our sports contracts, predominantly related to major one off events, will not deliver the level of financial return that was anticipated at the time of signing these deals.

Now that’s not to say they are not valuable, but in light of market conditions the prices we paid are not sustainable.

The later in Outlook:

… there will be a further $50 million of cost savings in 2019 from the roll off of the major sports rights.