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It also says that The Olympics were
separate from their CTV affiliation deal they had:
Separate and distinct from our negotiations on extending the affiliation agreement were talks surrounding the rights to broadcast Olympic Games coverage. As everyone is aware, CTV has paid a premium price for those broadcast rights, and understandably, were hoping to maximize their financial return on that investment. Because of the high level of interest among our viewers, we pursued acquiring local broadcast rights vigorously. But as with the affiliation talks, and despite the best efforts of both sides, we were unable to reach a mutually acceptable agreement.
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