A spokesman for COJO the Montreal Organising Committee has announced the Committee's acceptance of a 9.3 million dollars offer by countries outside North America for the television rights to the Montreal Olympics next July.
GV & CU people waiting for announcement (3 shots).
CU Olympic Committee spokesman talks
GV & SV people listening to announcement (3 shots).
TRANSCRIPT: SEQ. 2: SPOKESMAN: "Financially?...lousy! No question about it. Just as I said, you know. But as far as...ah, the...getting the people to see the Games I think it would have been catastrophic if the games had been seen only by the North Americans. Personally, I'm very pleased (indistinct) and now lots of people in the world will see the Games.....and that's our other program...we'll...now...pick up again."
"The (indistinct) confirms that COJO will be getting about half as much for the television rights outside of North America as had been hoped for. The agreement is not a victory for COJO but it does clear a big hurdle."
"The deficit for the Olympic Games is running at over three hundred million dollars. The television rights deal means the deficit goes up by another ten million."
DON LA PLATT
This film is serviced with an English commentary CBC Reporter, Don La Platt, a transcript of which appears overleaf, and an interview with a spokesman for COJO.
Script is copyright Reuters Limited. All rights reserved
Background: A spokesman for COJO the Montreal Organising Committee has announced the Committee's acceptance of a 9.3 million dollars offer by countries outside North America for the television rights to the Montreal Olympics next July.
The spokesman said the Committee, by accepting the offer, which amounts to about 4.5 million pounds sterling, had put itself further into debt by another ten million dollars.
The deficit is already running at three hundred million dollars.
However there are some face saving aspects to the television rights deal.
These include immediate payment in US dollars which will enable the Committee to collect interest on it until next summer and a multiplication of the few cents difference between the Canadian and US dollar.
But no matter how these aspects are looked at, the television rights deal represents a big climbdown from the Committee's original demand of 30 million dollars and a scrabble down from its "very last offer" of 18 million dollars made only a few months ago.