Yeah, only 20 skater makes it to the LP so no need to cut it. Especially during the Olympics. The good thing with Sky Italia (they have the Olympics here) is that they have different sport channels, so the FS and Speed skating had their own channel.
The bad thing is that it's not a public TV service, so the majority of population doesn't have a subscription.
The U.S. broadcaster also has several channels. Often something like hockey gets wall-to-wall coverage. Alas, they don't seem to think that ice skating deserves such extensive coverage.