AP NewsBreak: CBS, Turner may make Olympics bid

CBS Corp. and Time Warner Inc. executives have discussed joining forces to bid on rights to televise the Olympics in 2014 and 2016, turning that competition into an even greater clash of media titans.

TV empires headed by incumbent NBC, Fox and ABC-ESPN have all said they expect to bid for the the U.S. rights. The International Olympics Committee has said it is ready to postpone the negotiations until after the 2016 host city is named next October.

If CBS works with Time Warner, competition could be televised on CBS plus popular cable networks TBS and TNT. Time Warner also owns CNN, CNN Headline News, Turner Movie Classics and the Cartoon Network.

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