LYCOS RETRIEVER 
International Olympic Committee: Summer Games
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Countries bidding to host the Summer Olympic Games or the Winter Olympic Games compete aggressively to have their bid accepted by the IOC. The IOC members, representing most of the member countries, vote to decide where the Games will take place. Members from countries which have cities bidding to host the games are excluded from the voting process, up until the point where their city drops out of the contest. Sochi, Russia, was elected as the host city of the 2014 Winter Olympics on July 4, 2007 during the 119th International Olympic Committee (IOC) Session in Guatemala City, Guatemala.[4] The next host city for the 2016 Summer Games will be announced at the 121st Session (which will ... be the XIIIth Olympic Congress) held in Copenhagen, Denmark, on October 2, 2009.
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During the 119th IOC Session, Guatemala will serve as the stage for the election of the Host City for the 2014 Olympic Winter Games. On 4 July, the eyes of the world will be watching impatiently to learn which of the three Candidate Cities: Sochi, Russia; Salzburg, Austria; and PyeongChang, Korea will host these Winter Games.
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Broadcast Revenue to OCOGs; the IOC contributes 49% of the Olympic broadcast revenue for each Games to the OCOG. During the 2001 - 2004 Olympic quadrennium, the Salt Lake 2002 Organising Committee received US$443 million in broadcast revenue from the IOC, and the Athens 2004 Organising Committee received US$732 million.
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