Racing week: Channel 4 talks continue

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Last-ditch talks between the racing industry and Channel 4 to try to persuade the TV channel to broadcast horseracing beyond the end of 2005 have continued past the original 31 May deadline.

The station maintains that racing costs £5million a year to showcase and that the alternative use for the airtime could raise the same amount in revenue. It had imposed a deadline of last Tuesday for reaching agreement with racing and betting over annual funding in the region of £8m.