When the No. 1 TV station of sports-mad Australia revealed

When the No. 1 TV station of sports-mad Australia revealed its Olympics broadcast would wipe $50 million from annual profits, it was more than a warning for shareholders – it was a sign that the business model of the Games was being shaken up.

Japan Today

HINTS

補足 [When]
S (the No. 1 TV ) station →どんな [of] (sports-mad) Australia
V [revealed]
O (that)

S (its Olympics) broadcast
V [would wipe]
O $50 million →どんな [from] (annual) profits
,

主文
S it
V [was]
O (more [than]) a warning →どんな [for] shareholders

S it
V [was]
O a sign →どんな

同格 [that]

S the business model →どんな [of] the Games
V [was being shaken up]

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