The Board of Control for Cricket in India (BCCI) is meeting on 7 March to deliberate inviting fresh bids for broadcast rights to the matches it hosts, according to the Hindu Business Line.
In December, the BCCI cancelled its existing television rights agreement with Nimbus Communications, which owns broadcaster Ten Sports, over late payments.
Nimbus signed a four-year agreement with the board in October 2009, at the rate of INR 31.5 crore for each international cricket match featuring India. Any new tender is now expected to raise lower bid prices, given India's poor performance in recent tours to both England and Australia.
If sanctioned by the BCCI marketing committee, the rights on offer are expected cover the upcoming India v New Zealand three match test series in August and September 2012; India v England in four test matches, seven one day internationals, and one twenty20 game from November to December 2012; and Australia's tour of India in February and March 2013.
Media rights accounted for INR 1,047 crore of the BCCI's INR 2,026 crore gross income during the 2010-2011 fiscal year, according to The Hindu.