TVSpy LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Fox Bid on Next Four Olympics

Fox Sports wants to broadcast the next four Olympics so the company made two separate bids to the International Olympic Committee Monday — one containing their bid to air the 2014 and 2016 games, and a second containing their bid to air the ’14, ’16, ’18 and ’20 Games.

Fox Sports Media Group Chair & CEO David Hill said it makes financial sense to procure four Games because of the huge outlay for Games-related equipment.

“It’s simpler. … You have to make a major investment in technical hardware, which is (a capital expense), so anyone will tell you if you’re going to amortize that over four rather than two, you’re financially in a much better place.”

NBC paid $2 billion for the 2010 and 2012 Games, and bidding for the 2014 and 2016 Games is expected to exceed that. NBC and ESPN will be making their respective pitches to the IOC on Tuesday.

Mediabistro Course

Get $25 OFF Podcasting

PodcastingStarting July 31, learn how to develop and create your own podcast in just a a matter of weeks! In this course you'll learn how to determine the goals of your podcast, pinpoint your concept, contact and book guests, distribute and market your podcast and more. Get $25 OFF with code CLASS25. Register now!