The two relevant paragraphs from the AP story:

"The IOC backed the launch of a digital TV channel — possibly as early as
next year — to promote Olympic sports between the games and engage with
young viewers. The channel will feature material from the IOC's archives,
transmit some international sports competitions and offer a promotional
platform for bid cities.

"The IOC said the channel — to be run by the Madrid-based Olympic
Broadcasting Services — will cost $600 million to operate over the first
seven years, with the goal of breaking even in the first decade."

Although there may be issues with events that are currently covered in only
parts of the world, they should be able to show a lot of competitions that
currently don't get televised. (For instance, I don't know that any speed
skating finds its way onto American television outside the Games.)

And, assuming they can get carriage around the world, the IOC will be able
to adopt the negotiating position of "If you don't make us a satisfactory
offer, we'll show the Games on our own channel."

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