Bell Media, CBC/Radio Canada walk away from 2014-16 Olympics

TORONTO - Bell Media and CBC/Radio Canada have ended their Olympic bid partnership after two failed bids for the exclusive Canadian media rights for the Sochi 2014 Olympic Winter Games and the Rio 2016 Olympic Games. During their partnership, the organizations submitted two bids for the Canadian broadcast rights that were turned down flat by the IOC. The duo said in a joint statement on Monday afternoon that they will formally dissolve their bid partnership as a result. "We presented not one, but two fiscally responsible bids that are reflective of the Canadian marketplace," said Phil King, president of CTV programming...