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AP Sources: NBC retains Olympic rights for 4 games
LAUSANNE, SWITZERLAND (AP) - NBC retained its hold on U.S. Olympic television rights Tuesday in a four-games deal through 2020 worth about $4.4 billion, defeating rival bids from ESPN and Fox, officials with direct knowledge of the decision told The Associated Press.
Three officials spoke to the AP on condition of anonymity because the decision has not yet been officially announced by the International Olympic Committee.
NBC, now controlled by Comcast, won the bid less than a month after the resignation of longtime sports and Olympics chief Dick Ebersol in a dispute with the new owners. The victory extends NBC’s reign as the Olympic network in the United States, a period stretching back 20 years.
The network now will have exclusive rights to the 2014 Winter Games in Sochi, Russia, the 2016 Summer Olympics in Rio de Janeiro, as well as the 2018 Winter Games and 2020 Olympics, whose sites have not yet been chosen.
It was the first U.S. rights auction since 2003, when NBC secured the 2010 and 2012 Olympics in a deal worth $2.2 billion. That included $2 billion in straight rights fees, plus a $200 million global sponsorship deal with NBC’s former parent company General Electric.
The IOC had said it hoped to exceed that deal this time. However, the $4.4 billion figure represents $2.2 billion again for each set of two games, though it wasn’t immediately clear whether another sponsorship deal would increase the total value.
“I think we had a compelling presentation, and I hope they felt the same way,” Costas said afterward. “I hope we retain the rights. My message was we’ve done it well and we’d like to do it again.”
Mark Lazarus, who replaced Ebersol as NBC Sports chairman, was asked about not having the former Olympic mastermind with the bid.
“I’ve never been here with him,” Lazarus said. “We have a great team of people who put the best foot forward with our heritage and legacy.’”
By Donald Lambro
Growth spikes are little more than trend-free anomalies
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Independent voices from the The Washington Times Communities
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A column dedicated to discussing politics, national security, civil liberties, and education.
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Let it snow