Once the country's dominant sports broadcaster, in recent years it has lost many of its past signature properties – such as the Canadian Football League, Toronto Blue Jays baseball, Canadian Curling Association championships, the Olympic Games for a period, the FIFA World Cup, and the National Hockey League – to the cable specialty channels TSN and Sportsnet.

The CBC has maintained partial rights to the NHL as part of a sub-licensing agreement with current rightsholder Rogers Media (maintaining the Saturday-night Hockey Night in Canada and playoff coverage), although this coverage is produced by Sportsnet, as opposed to the CBC itself as was the case in the past.

As a result of funding reductions from the federal government, increased costs for licensing, and decreased revenues, in April 2014, the CBC announced it would no longer bid for professional sports broadcasting rights.

[2][3] CBC Sports also streams all of its programming, as well as other event coverage not shown on television, via its website and digital platforms.

The CRTC approved the license application, but restricted it to only devoting 30% of its schedule per-week to professional sports, with only 10% of this quota allowed to be devoted specifically to "professional stick and/or ball sports", which placed major restrictions on the network's intended remit, including hockey and lacrosse coverage.