Rogers out of Olympic broadcast media consortium after London

TORONTO - Rogers Media said Thursday that it will not take part in any bidding for the Canadian broadcast rights to the 2014 and 2016 Olympic Games as it is pulling out of Canada’s Olympic Broadcast Media Consortium.The decision will not affect the company’s plans to help show more than 5,000 hours of coverage of London 2012, in conjunction with CTV. Under the current consortium agreement, which spans the 2010 Vancouver Winter Games and 2012 London Summer Games, Rogers Media is a 20% stakeholder of the consortium while the remaining 80% interest is controlled by CTV.The Olympic Games in 2014...