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AOL Time Warner withdrew last month, saying it didn't meet IOC requirements S If Vancouver loses, New York and Toronto will be strong North American contenders 75 percent cut of the rights fees 6 percent increase over the $1 001 billion in direct rights for the two Olympics: $820 million for the 2010 Winter Games and $1 The U Rogge said he would display it in the Olympic museum in Lausanne "We came to play, we came to win, but sure we're nervous," NBC Sports chairman Dick Ebersol said after the two-hour presentation 5 billion, was reached in a pair of secret deals in 1995 The rights were awarded before the selection of the two host cities The rights package includes broadcast, cable, Internet, video-on-demand, pay-per-view and other services The networks count on making a profit from the Olympics Despite the slump in the world economy, the networks pushed the IOC to go forward with the bids now, citing a strong ad sales market Rogge and a small group of experts began examining the offers at around 3:10 p The 2010 games will be awarded on July 2, and the 2012 summer host picked in 2005 Under other terms, NBC will pay $12 million in fees for the U The IOC said it was looking for the network that offered the best overall package, not necessarily the most money The network also made a commitment to promote the Olympics between and during the games 5 billion NBC paid for the 2006 Winter Games and 2008 Summer Olympics The deal extends the IOC's long-term relationship with NBC, which already held the rights to five Olympics from 2000 to 2008 ABC was first up Thursday, stressing its legacy of Olympic coverage in the 1970s and 1980s and the broad reach of its ESPN cable channels TV rights to the 2010 and 2012 Olympics on Friday for $2 Ebersol pointed out that NBC has won a Sports Emmy for best event coverage at its last five Olympics, including a total of 17 awards for the 2002 Winter Games S Vancouver is competing against Salzburg, Austria, and Pyeonchang, South Korea, for the 2010 Winter Games share accounting for about 60 percent of the total The value of the ABC and Fox bids were not immediately announced by the IOC network that has never broadcast the Olympics, made its case earlier Friday, emphasizing its different approach from NBC and ABC He cited NBC's plans for telecast of the 2004 Athens Olympics, including 134 hours of coverage on the Spanish-language network Telemundo More than seven hours later, the decision was announced Under the package, NBC will pay $2 The previous contract, worth $3 If Vancouver wins, Europe will be favored to land the 2012 games As part of the deal, General Electric will also pay from $160 million to $200 million to be part of the IOC's global TOP sponsorship program for the two games period After completing presentations to the IOC, the three media companies submitted their financial bids in sealed envelopes into a ballot box engraved with the Olympic rings S The decision was announced after nearly seven hours of deliberations by an IOC panel headed by president Jacques Rogge m The total price tag represents a 32 Fox, the only major U Olympic Committee gets a 12 181 billion for the 2012 Summer Olympics TV rights fees provide the bulk of the IOC's revenue, with the U CBS pulled out of the bidding Monday, saying it wasn't ready to commit so much money to an event so far in advance NBC was the last of the three networks to present its bid to the IOC panel Olympic trials and $10 million for development of a digital TV library and archiving system The networks were expecting either the 2010 or 2012 games will be staged in North America, offering the best time zone for live, prime time coverage This time, the IOC made it a competitive bidding process S "By the time of the Winter Games in 2010, this will represent 45 million TV households NBC, owned by General Electric, beat bids from ABC and Fox NBC was considered a favorite because of its status as incumbent and long-term partner of the IOC About half the money goes to host cities, with the rest split among the IOC, international federations and national Olympic committees "We're the only ones here who have the capacity to reach 100 percent of all the Hispanic households in the United States," he said " NBC showed IOC officials a tape retracing the network's coverage of eight Olympics to date and plans for the next three New York is among the candidates for 2012, along with London, Paris, Madrid and other cities NBC Wins Rights to Olypics Jun 6, 5:00 PM EST <EM>Associated Press</EM> NBC won the U 201 billion, extending the network's run of televising every games since 2000 Ebersol presented the IOC with NBC's Emmy for best live event coverage from Salt Lake local time NBC made $75 million from the 2002 Salt Lake Games "We do have the advantage in that they're so aware of so much of what we're going to do," Ebersol said S The Olympics are considered the top prize in sports television, with networks virtually guaranteed 17 straight days of top ratings and huge advertising revenues In a statement, Stewart said Monday's action was "in the best interest" of the company com "I am heartsick about my personal legal situation â€â€? and deeply sorry for the pain and difficulties it has caused our employees," she said , said it was a bad strategy She will report to chief executive officer Sharon Patrick " The logistics could be tricky, at least in the short term, as Stewart likely faces 10 to 16 months in prison when sentenced Shares of Martha Stewart Living fell more than 4 percent Monday before recovering somewhat to trade down 34 cents, or a little more than 3 percent, at $9 "I think they are walking a tightrope between her as an asset and her as a liability," said Jamelah Leddy, an analyst at McAdams Wright Ragen Some believe the move to distance Stewart from the boardroom but retain her creative input is a smart one, placating both fans and deserters of Stewart Had she not stepped down, her departure from the board and any executive position would likely have been forced by the Securities and Exchange Commission, given that she is a convicted felon , indicating that company officials believe they'll be better off with her than without her Patent and Trademark Office to trademark "Everyday Living" for a magazine title " But Robert Passikoff, president of New York marketing research company Brand Keys Inc But sales of its merchandise, from furniture to housewares, have held up well With its syndicated TV show on life support, the big issue that remains is what will happen to its flagship magazine, Martha Stewart Living, and whether the company will decide to change the name, eliminating any reference to its founder But she's not cutting ties to the multimillion-dollar business that grew from a suburban Connecticut catering business "Everyone at MSO recognizes the seriousness of Martha's situation and is deeply saddened," Patrick said in a statement But, she added, with Stewart owning 61 percent of the stock and a virtual lock on voting shares, she still will be extremely influential in the course the company takes " The question remains how involved Stewart can be, as she would be subject to a number of restrictions while in prison and will be required to work 35 to 40 hours per week at a menial prison job Company officials did not return requests for interviews The company began moving away from Stewart's name a year ago with the launch of Everyday Food and is now testing another publication called Organizing Good Things marthastewart living They can still further distance her, or renew their relationship Stewart has said she will appeal the March 5 conviction Monday's shuffle â€â€? while it further diminishes Stewart's role â€â€? shows that the company isn't ready to sever its ties completely 99 on the New York Stock Exchange Stewart is scheduled to be sentenced June 17 "They should have announced that Martha was going away for a while to deal with her problems," he said, leaving the option of bringing her back in, say, two years S Others think a complete separation would have been best "It looks like she's getting her cake and eating it too, and that's not the way you rebuild trust among consumers Figuring out what role Stewart will play in the company's future has been a tricky one, particularly in the wake of the conviction, which has tarnished the brand image " Stewart, who is the company's largest shareholder, had been expected to relinquish her board seat, but reportedly had been pressing to keep some creative non-officer role "However, all of us also believe that the company and our constituencies benefit most if we are able to continue to take advantage of Martha's creative inspiration and capitalize on her prodigious skills and experience in the domestic arts Martha Stewart Quits Company Board Mar 15, 4:31 PM EST Martha Stewart handed over her keys to the executive suite of the media empire she built Monday, a little more than a week after she was convicted on four federal charges in December 2001 But it remains heavily tied to her aesthetic values and her image Since Stewart's name was tied to the ImClone trading scandal 22 months ago, her multimedia company has seen its stock plummet 40 percent; and suffered from declining sales; financial losses and a defection from its advertisers â€â€?â€â€?â€â€? On the Net: www Stewart resigned as chairman and CEO last June, after she was indicted on charged related to her well-timed sale of stock in biotechnology company ImClone Systems Inc " Seth Siegel, co-founder of The Beanstalk Group, a trademark licensing agency, said the compromise "allows them to say they stepped away from Martha, but still allows them to keep all options open On Jan "I look forward to continuing to collaborate on a wide range of creative ideas with the amazing, talented and hardworking people at this very special company Stewart stepped down from her board seat and gave up her chief creative officer title, but will still retain a creative role at Martha Stewart Living Omnimedia Inc The company appears to be making some possible plans In that role, Stewart, 62, will continue to provide creative inspiration for new product design and development; pen two pending books, "Homekeeping" and "Baking"; and provide input on the continuing evolution of the company and its brand and strategic issues, the company said The self-made queen of domestic arts â€â€? whose name has been stamped on magazines, TV shows and household products â€â€? will take the title of founding editorial director 23, three days after Stewart's trial started, Martha Stewart Living Omnimedia applied to the U |
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