Ooh... that's awful.
In general, and we apply this all the time to cars when they are the faster vehicles out on the road, the overtaking vehicle is primarily responsible for passing safely; also pedestrians have the primary right of way. Basically, even if the pedestrian did something erratic, I think it was in large measure the fault of the cyclist from the description given.
I feel terrible for the family of the jogger, and also for the cyclist who will now have to face likely legal action and deal with the guilt of contributing to (perhaps directly causing) the death of another. A sad story all around.
EDIT: On watching the video in the link, it was a very even-handed report, stressing that both cyclists and pedestrians are responsible for safety. Well done, Fox 4.