Stephen Hemminger
You are correct, right now NBC sports owns both the former Universal Sports
and Versus channels.
When NBC purchased Universal it went from a free channel to a subscription
channel that the cable
companies have to pay for. Most of them didn't want the added fee and
dropped it.
No idea how the Olympic content will get split. You can guarantee hours of
gymnastics, swimming
and diving on the main channel, after that who knows?
http://www.nbcolympics.com/tv-listings/index.html