Why Mediacorp did not broadcast Eurocup 2012?

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I received an email from Mr Winston Chong from Mediacorp Feedback Unit regarding my "Mediacorp should broadcast Eurocup 2012 Semi- Finals and Finals", his reply is as follows:

"MediaCorp embarked on discussions with the UEFA Euro 2012 rights owner but unfortunately, we were unable to conclude the deal on commercial grounds. As such, we were not able to carry any matches relating to UEFA Euro 2012.

Similarly for news coverage, the video clips rights were not available to free-to-air broadcasters like MediaCorp. Hence we can only reply on still photos."

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