A group of investors including NBC Universal, Bain Capital, and The Blackstone Group announced today that an agreement has been signed to buy The Weather Channel from landmark Communications. The investors say that The Weather Channel will be operated as a separate entity.
The Weather Channel will be based in Atlanta and will have management provided by NBCUniversal. The terms of the purchase were not disclosed. Considering that The Weather Channel Networks are the third most distributed cablenetwork and is seen in 97% of cable TV homes, the price wasn’t cheap.
Commenting on the planned acquisition, Jeff Zucker, President and CEO, NBC Universal, said: "This will further position NBC Universal as the leading provider of news, information and weather, both online and on television. Joining with The Weather Channel properties plays to our strengths in developing and programming cable networks, and in producing and distributing high-quality content across multiple platforms."
Shane McGlaun Leading our review center, Shane McGlaun (Google) knows technology inside out. His
extensive experience in testing computer hardware and consumer
electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at email@example.com.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.