Media Roundup: CBS/Turner Olympic Bid, Facebook Growing Fast, And More

(MoneyWatch)  CBS and Turner to bid for Olympics -- Executives from both media companies have discussed joining forces to bid for broadcast rights to the 2014 and 2016 Olympic games. The International Olympic Committee also announced that they will postpone the bidding because of the current state of the economy. NBC has owned the rights to every Olympics broadcast this decade. [Source: Washington Post]

Facebook growing fast -- Facebook is reportedly seeing 300,000 to 400,000 new users sign up a day, and 10 million new sign ups in December alone.The company is putting off the question of how it will make money until next year, when one source claims it could "sell anything... water, even" -- to its vast network and still be profitable. [Source: Silicon Alley Insider]

Game studio Midway cuts staff -- The maker of Mortal Kombat and Pac-Man announced a 25 percent staff reduction. Midway also placed "noncore" titles on hold until 2011. [Source: Mediaweek]

USA Today editor retires -- Ken Paulson, editor of USA Today for five years, announced he his leaving the Gannett property for a job as chief operating officer of the Newseum and the Freedom Forum. [Source: Portfolio]