ITV have said they were not prepared to "pay over the odds" for live Champions League and Europa League television rights.
BT Sport's acquisition ends ITV's 21-year association with the competition regarded as the world's greatest club competition.
"ITV is proud to have been the UK free to air broadcaster of the Champions League, since it launched in 1992, and of the Europa League, but we were not prepared to pay over the odds in the latest live rights round," an ITV spokesman said.
"Viewers will be able to continue to watch both competitions free on ITV through to 2015 and we remain the home of live England football."
More top news
It is a murky picture across the UK and for most of the country it will stay dull and damp with extensive mist and fog overnight.
Police release CCTV of two suspects, one wearing a Scream mask, suspected to have been involved in a sexual assault on Halloween.
A £3.6m haul of cannabis has been found stuffed in more than 1,000 tins of olives in Ireland.