NBC Universal’s online coverage of the Winter Olympics in Vancouver illustrates both the opportunity and the challenge that the Internet presents for traditional media companies. In addition to airing 835 hours of live and tape-delayed events, recaps and highlights on five broadcast and cable networks, the company is offering more than 400 hours of live video and more than 1,000 hours of full-event replays online. That’s a huge advance in volume from the previous Winter Olympics, but a sharp pullback from the breadth of online coverage at the Beijing Summer Games in 2008. Of the 15 sports contested in Vancouver, NBC is providing live streams on the Web of only two: Hockey and curling.

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