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The ripple effects for NBC and owner Comcast will be significant, though probably not disastrous.

International Olympic Committee member John Coates.

Still, even under that most rosy of scenarios, NBC could still face challenges.

It has long been scheduled to go national in July, just as the Olympics were supposed to begin.

For now, however, NBC Sports is sounding a hopeful note about todays news and what comes next.

This story has been updated throughout.