NBCU, Equity Firms Buy The Weather Channel

NBC Universal concluded a deal Sunday to buy The Weather Channel for
nearly $3.5 billion in cash.

By Robert Marich -- Broadcasting & Cable, 7/7/2008 8:07:00 AM

NBC Universal concluded a deal Sunday to buy The Weather Channel for
nearly $3.5 billion in cash, which catapults its
online-news-information business to the top of the Web by augmenting
its existing CNBC, MSNBC and NBC Weather Plus online businesses.

NBCU estimated that its Web business will rank No. 7 covering all
sectors by adding TWC, which alone was No. 15.

Sunday's deal is a definitive agreement and is scheduled to close by
year-end, subject to normal regulatory approvals.

No purchase price was confirmed, but sources pegged it at nearly $3.5
billion, with NBCU and two financial partners funding the deal equally
that will be a combination of equity and debt. NBCU's partners are
private-equity outfits Bain Capital and Blackstone Group.

Source: http://tinyurl.com/5age6f

In article <2008070708014616807-bblackie@mailcom>,
Boston Blackie (happily ignored by KD the Merciless!)
mail.com> wrote:

On 2008-07-13 02:13:27 -0500, Jean Smith bellsouth.net> said:

Where hour after hour is devoted to missing white women? Lord, I hope not.

In article <2008071306492675249-bblackie@mailcom>,
Boston Blackie (happily ignored by KD the Merciless!)
mail.com> wrote:

So you think that they won't devote the time to prison weather?