There has been a split between the NSW and Victorian shareholders in horse racing broadcaster TVN as the rights divide continues.
It means each state will be responsible for its own broadcast and digital media rights with NSW likely to sign with the Tabcorp-owned Sky Racing.
A TVN statement said the split was amicable and the company would continue to operate while the shareholders determined their future.
TVN is jointly owned by the Australian Turf Club, Victoria Racing Club, Melbourne Racing Club, Moonee Valley Racing Club and Country Racing Victoria.
It holds the broadcast and digital rights to all Victorian and NSW thoroughbred racing.
TVN also owns two racing publications, Best Bets and Winning Post.
The racing industry relies on wagering revenue, mostly from the TAB, for its income.
Sky Racing had been operating on short-term agreements with TVN but last week declined to extend the contract.
No NSW or Victorian racing has been shown since via Sky Racing in pubs and clubs or on its channels on a pay-TV platform.