Faithful viewers of CBS may soon take its initials to mean Clobbered By Sports. The No. 3-ranked network already holds rights to National Football League and National Basketball Association games. Last week CBS offered $1.1 billion to win a bidding war for the priciest TV sports contract ever: a four- year pro-baseball package that will include the World Series, the league championships, the All-Star game and twelve regular-season contests. That works out to a maximum of 136 games over the four-year span, or a heady $8 million per event. The odds-on candidate for announcing duties: Brent Musburger.
CBS hopes its rights...
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