Universal owns NBC, Bravo, and USA (which is why USA had some of the prep races). I don't know how long Universal has the televising rights, but until they're up TVG and HRTV can't show the races live (I believe they have to wait either until the race is over or until the telecast is over).
I'm sure Universal figures they're gaining new viewership by showing it on Bravo, but I'm also sure they don't want to interrupt the regular programming on NBC on a Friday for 2-3 hours. And in all honesty, more people are going to tune in for the Derby over the Oaks anyway. No one (ESPN, NBC, ABC) makes a big deal over the filly races. It's all about the colts and the Derby. Not saying it's right, but that's how it seems to be.
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