This story was written by Rafat Ali.
There goes this: it won’t launch, if you ask me. The U.S. Olympic Committee has delayed a plan for its own TV network, meant to highlight Olympic sports outside of the four-yearly cycle, after complaints from IOC and worries that it may jeopardize Chicagos bid for the 2016 Games. The channel, announced last month along with launch partner Comcast (NSDQ: CMCSA), was supposed to launch next year; after USOC chairman Larry Probst met yesterday with IOC President Jacques Rogge in Berlin, USOC came out with a statement saying the plans have been postponed indefinitely. IOC was worried about the lucrative rights it had sold to NBCU in U.S. and the new channel’s affect on it; the move was also said to adversely affect Chicagos bid against Tokyo, Rio de Janeiro and Madrid for the 2016 Games, whose TV rights NBCU will bid for as well. More info here.
By Rafat Ali