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IOC, USOC progressing in negotiations

Updated: April 7, 2011, 2:54 PM ET
Associated Press

LONDON -- The IOC and U.S. Olympic Committee made more progress Thursday in negotiations on a new revenue-sharing agreement and hope to sign a deal by July.

USOC chairman Larry Probst and CEO Scott Blackmun met with the three-man International Olympic Committee negotiating team in the latest talks aimed at resolving the long-festering financial dispute that has strained relations.

"We had a very positive meeting," IOC marketing commission chairman Gerhard Heiberg told The Associate ...

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