NBC Universal buys Weather Channel
NBC Universal and two private equity firms, Bain Capital and the Blackstone Group, acquired the Weather Channel and Weather.com from Landmark Communications over the weekend for a rumored $3.5 billion. Yes, we're not shocked either that NBC figured out Weather Plus wasn't taking over the meteorological universe. […
Report: NBC Universal and private equity bid $3.5 billion for Weather Channel and Weather.com
Joining with private equity firms Blackstone and Bain Capital, NBC Universal bid $3.5 billion to acquire the Weather Channel and Weather.com. The cable channel is available in 97 percent of all cable TV home and has 96 million U.S. subscribers. With its local coverage and the always popular schadenfreude-laced…
