the official statement from Fox:
FOX Sports has elected not to match an offer the BCS Group has received from ESPN to televise BCS games from 2011-2014, and plans to notify the organization by phone today.
Even with today’s vast economic uncertainties, FOX Sports made a very competitive bid to keep broadcasting BCS games free to every home in America, one that included a substantial rights fee increase, and certainly as much as any over-the-air network could responsibly risk. Unfortunately, the University presidents and BCS commissioners were not satisfied and they’ve decided to take their jewel events to pay television. We wish everyone well.