Kerry Stokes’ Seven Network has lost its appeal against a group of media, telco and sports orgs related to the 2002 demise of its pay TV sports channel, C7.
Seven had appealed against the 2007 dismissal of its billion-dollar bid to sue Rupert Murdoch’s News Ltd., Kerry Packer’s Publishing and Broadcasting, telco Telstra, the National Rugby League, the Australian Football League and Channel Ten, among others.
It accused them of collusion in the 2002 demise of C7, which collapsed after failing to win the broadcast rights to the AFL and NRL, and failing to gain access to pay TV platform Foxtel.
When it started, case was the largest in Australian media history. The subsequent appeal scaled back the litigants and damages to $A200 million ($185 million).
The Australian Federal Court dismissed the appeal on Wednesday, local time.
The original case cost Seven $92.5 million in court costs and went on for nearly two years. Seven has yet to learn what the new costs will be.