NBC to telecast Olympic games through 2020 - KWWL - Eastern Iowa Breaking News, Weather, Closings

NBC to telecast Olympic games through 2020

NBC extended its Olympic reign until 2020 as Comcast, its parent company, agreed Tuesday to acquire the rights to the 2014 Winter Games in Sochi, Russia; the 2016 Summer Games in Rio de Janeiro; and the next two Olympics, at unspecified cities. The Associated Press reported that NBC is paying at least $4 billion.

The three competing networks, Fox, ESPN and NBC made their presentations on Monday and Tuesday to nine officials of the Olympic committee, including Jacques Rogge, its president.

It was NBC's first Olympic deal since 1988 without Dick Ebersol, the head of NBC Sports, who resigned last month after helping to engineer eight winning bids. The victory was a sign that Comcast saw the value of continuing the relationship with the Olympics, with its powerful impact in prime time.

ESPN bid for the 2014 and 2016 Games; Fox put in bids for two Olympics and for four Olympics.

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