JumpTV to peddle cycling video

TORONTO – Internet broadcaster JumpTV announced today it will purchase Cycling TV Ltd., a specialized Internet 'caster based in England, for a total of £2.44 million (approx US$4.95 million) Cycling.tv currently holds the Internet broadcast rights to international cycling races including Vuelta a España (one of the three European "Grand Tour" races), Paris Roubaix, Tour de Suisse, Criterium Dauphine du Libere and the Amstel Gold Race. Like JumpTV, Cycling.tv has long-term exclusive Internet broadcast agreements with its rights owners, says the JumpTV press release announcing the sale today.In 2007, Cycling.tv "broadcast all of the major cycling races worldwide live other...