UPDATED: CBC seizes 2014-'16 Olympic rights; for less than half of what CTV paid for '10-'12

LONDON - CBC/Radio-Canada has been awarded the Canadian broadcast rights for the Sochi 2014 Olympic Winter Games and the Rio 2016 Olympic Summer Games, the International Olympic Committee (IOC) announced Wednesday. While financial terms of the bid were not officially disclosed, a source with direct knowledge of the talks who asked to remain anonymous told Cartt.ca late Wednesday that the amount CBC committed to for the rights to both future Games is “less than half” of the $153 million which then-CTVglobemedia paid in 2005 for the Vancouver Winter Olympics and the London Summer Olympics. (Ed note: CTVglobemedia later brought in...