SWM News: News Corp Pays Whopping $3.1B For This Popular Sports Broadcast Rights - 7th Sep 2022, 9:50pm

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News Corp (NASDAQ: NWSA) and Seven West Media Ltd (OTC: WANHY) extended a seven-year contract worth a whopping A$4.5 billion ($3.1 billion) to retain the television broadcast rights for Australian Rules Football, Bloomberg reports. The contract will run from 2025 until 2031, covering Australia's most watched sport with its grand final, the highest-rated broadcast in the past two years. More than A$640 million a year dwarfs the recent deal for National Rugby League matches. Nine Entertainment ...

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