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CBS, Time Warner Mull Olympics Bid

CBS and Time Warner executives have discussed joining forces to bid on rights to televise the Olympics in 2014 and 2016. Such an alliance would make the competition for Olympic TV rights a clash of media titans. TV empires headed by NBC, Fox and ABC Sports-ESPN are already expected to bid on the U.S. rights.

The bidding has been put off until after the International Olympic Committee selects the 2016 host city in October. Chicago is in the running. The CBS and Time Warner discussions could mean an Olympics shown by CBS, TBS, TNT and even CNN.

Read the whole story at The Associated Press »

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