Sports rights investment contributes to Ten’s A$227m loss

Star Missile wins the 2019 Melbourne Cup Carnival Country Final at Flemington Racecourse (by George Salpigtidis/Racing Photos via Getty Images)

Australian free-to-air commercial broadcaster Ten has posted a A$226.6m (€140m/$157.8m) loss, warning that the Covid-19 pandemic could have a “material” impact on its financial position. T