FanDuel TV, the television channel known for bringing horse racing into American homes since 1999, will be phased out over the next 20 months. The news, initially reported by the Paulick Report, was announced via a company-wide meeting Friday.
The report indicates that the channel will honor its current broadcasting commitments through this year's Triple Crown, including the Keeneland Spring Meet, but will then cut 60% of its workforce in June. Remaining employees will kept on until November of this year.
According to the meeting, FanDuel CEO Amy Howe told workers that “continuation of the network did not align with the company's long-term strategy.”
FanDuel TV, which began as the Television Games Network (TVG) in 1999, will continue to broadcast racing through the end of 2027 without any in-studio production with Andrew Moore, FanDuel's general manager of racing, telling the Paulick Report, “We will also fulfill any track production commitments we have through 2027. Importantly, even without in-studio production, FanDuel TV will continue to broadcast live racing from our track partners.”
This story will be updated.
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