SportBusiness.com

New Jersey tracks resign with TVG Network

TVG Network, the American digital cable network that specialises in horse racing, has renewed its exclusive television distribution and account wagering rights agreement with the New Jersey Sports and Exposition Authority for Monmouth Park and Meadowlands.

"We’re very happy to confirm that the NJSEA has again chosen TVG to showcase their world class racing products," TVG general manager David Nathanson said. "This partnership is all about growing the state’s racing industry, and we will use all of our platforms to present the excitement of New Jersey racing to the widest possible audience."

TVG is a subsidiary of Gemstar-TV Guide International, a publicly-traded company controlled by Rupert Murdoch's News Corp and which has reached agreement with Macrovision Corp. for a $2.8 billion merger - a deal expected to close early in the second quarter of 2008.

Although no immediate plans have been released in regard to the future of TVG after the merger, a TVG executive said normal operations will continue indefinitely.