Quoting a recent article on Ad Age's website:
Here is more this time on how Comcast is planning it's budget at their networks.
Comcast/NBC has a giant albatross around it's neck:
The Olympics.
Once as big a TV event as almost any, the last two Olympics (the 2021 Summer games in Tokyo and this past February's Winter games in Beijing) saw ratings only half of the 2016 Summer games in Rio and the 2018 Winter games in Pyongchang, South Korea, inspite if the fact that there were favorable time differences with the U.S. East Coast that allowed much of NBC's prime time coverage to be live in all four cases (for Pyongchang, Tokyo, and Beijing, many key events were held in the morning, which allowed for live prime time coverage in the 'States).
There may have been reasons like the growth of streaming, being able to see events live instead of waiting for them to be on tape in prime time, family members of athletes weren't allowed to attend because of the covid epidemic, no crowds which for many sports detracted from the excitement, or even, as my girlfriend suggests, going overboard with what she calls "sob stories" (better known as athlete profiles or "Up Close And Personal" segments, although it seems to me there have fewer such features at recent Olympics, and they've been shorter).
The next two Olympics (the 2024 Summer games in Paris and the 2026 Winter games in Milan, Italy) may be worse ratingswise as there will be no live prime time coverage available. NBC will be able to go back to their old formula of "slice and dice", with all of America's gold medals that day being shown in the final hour of prime time.
Ratings for the 2028 Summer games should be much better as they will be held in Los Angeles, and a domestic Olympics should get strong ratings, as almost everything from 11 A.M. through 3 A.M. EDT (8 A.M.-12 Midnight PDT) being live.
And NBC's final Olympics under the current deal will be the 2032 Summer games is Brisbane, Australia. Again, I'd expect many major events will be held in the morning local time for live prime time coverage on the East Coast.
The 2030 Winter games (the last Winter Olympics under NBC's current deal) have yet to be awarded. I would guess that either Salt Lake City or Vancouver will get them (as both cities have hosted Winter Olympics in the past two decades and have facilities already in place) with whichever city losing the 2030 Winter Olympics getting the 2034 games. Plus, a Winter Olympics in North America would mean almost everything gets shown live, which could help NBC's cause.....unless the TV landscape by then is totally unrecognizable from what it is now.
NBC also has a long-term deal with the NFL and a deal just signed with the Big Ten college sports conference. I would think they will at least break even, due to the popularity of football, especially the NFL.
In other sports, NBC has rights to Notre Dame football, some golf tournaments (including the British Open Championship and the FedEx Cup), half of the NASCAR Cup series races (the second half of the season), all of the Indycar races (including the Indianapolis "500"), the English Premiership soccer league, while NBC's Peacock streaming service has late morning or very early afternoon (11:35 A.M. or 12:05 P.M. EDT) Major League Baseball games on Sundays, among others (although some of these events are on the USA Network, CNBC, or Peacock). After a decade and a half, NBC walked away from the National Hockey League after the 2020/21 season.
I don't think any of these are nearly as profitable to NBC as the NFL might be, but then again, I don't think any of NBC's sports properties outside the Olympics are in danger of losing money either.