Hockey Night in Canada: How the CBC lost it all

The Globe and Mail:

Not only had Rogers Communications Inc. wrenched the Canadian national broadcast rights to NHL games from the CBC’s grasp with a stunning $5.2-billion payout over the next 12 years, but the Visigoths were actually at the gate.

Part of the ensuing deal, in which those in charge of the CBC meekly handed over the company’s airwaves for free, was that the Rogers people connected to Hockey Night, along with some people hired from rival TSN, would use the CBC’s studios and take over the show’s office space on the north side of the eighth floor – the plushest in the building thanks to the show’s status as the network’s biggest money spinner.

Truly appalling how Canada’s national broadcaster completely blew the deal by ignoring the importance of hockey to not only their bottom line but to the nation. Thanks to my friend Greg for the link.