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Magna Entertainment to Launch Racing Cable Channel

8 January 2003

AURORA, Ontario – As reported by Reuters: "Magna Entertainment Corp. (Toronto:MIEa.TO), one of North America's largest horse racetrack operators, said on Wednesday it will launch a 24-hour cable channel offering horse racing coverage.

"The channel, HorseRacing TV, began broadcasting in July to paying subscribers on the Racetrack Television Network, a satellite television venture, but has not been available on cable.

"Magna said the channel will offer live thoroughbred, harness and quarter-horse races from more than 70 U.S. and Canadian racetracks, including exclusive coverage of 13 racetracks owned, operated or managed by Magna…"

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