Ten hasn’t overpaid for the Melbourne Cup, says boss Paul Anderson

Ten boss Paul Anderson doesn’t believe the network has overpaid for the Melbourne Cup rights, saying the network sees the horse race and associated carnival as an opportunity to promote its future summer lineup as an alternative to Seven and Nine’s sports focus.

Anderson’s comments come after Ten revealed earlier this week it had won the rights to the Victoria Racing Club’s Melbourne Cup carnival from the Seven Network with a $100m bid.

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