Updated: Rio To Host 2016 Summer Olympics

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The sambaing has begun -- Rio de Janiero will host the 2016 Summer Olympics.

The International Olympic Committee delegates voted to make the Brazilian city the first South American host of the Olympics Games. Rio topped Madrid as the final two contenders to host the 2016 Olympics, after Chicago was suprisingly the first of the four candidate cities to be eliminated. Tokyo was the next to be knocked out of IOC contention.

Brazil will thus be home to the world's two largest sporting events within a two-year period: it also will host the FIFA 2014 World Cup soccer finals. Stateside, the vote was anticlimactic as Chicago was the first city eliminated in the quest to host the 2016 Summer Olympics.
International Olympic Committee Jacques Rogge president, speaking from Copenhagen, read a roll indicating that Chicago had received the least votes among Tokyo, Rio de Janiero and Madrid.
Subsequently, the Japanese city did not make the grade, leaving Rio or Madrid as the remaining candidates to host the 2016 Games.

Chicago's bid was backed by appearances by President Obama and his wife Michelle before the IOC delegation.

The decision no doubt will result in reduced rights fees bidding from American TV networks, the largest financial contributor to the IOC and the Olymic movement.
NBC, the "Olympic Network," and ESPN/ABC are expected to bid for the rights to the 2016 Games, as well as the 2014 Winter Olympics from Sochi, Russia. News Corp. chairman Rupert Murdoch has indicated the media giant's interest in the Games was predicated on Chicago as the host city in 2016.

Rio, though, from purely a TV scheduling perspective, represented the second-best option for American networks, behind Chicago. Located on the east coast of Brazil, Rio is one-hour ahead of the eastern time zone in the U.S. As such, it should be relatively easy to slot a number of key events from the quadrennial competition in primetime, seven years from now.

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