Mediaset, CGM team for Olympics

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ROME -- Italian broadcaster Mediaset said Friday that it has reached an agreement with CGM Sport Channel in China to broadcast next year's Olympic Games within Italy.

Terms of the deal were not revealed, but it had been reported since April that an agreement between CGM and Mediaset was in the works.

Mediaset -- which is controlled by media tycoon and three-time Italian Prime Minister Silvio Berlusconi -- is Italy's largest broadcaster.