Like there isn’t enough media consolidation… News reports say NBC Universal and two partners have reached a deal to buy The Weather Channel from Landmark Communications, ending a long negotiation that had attracted several Big Media companies — Time Warner and CBS and Comcast. The AP says the purchase price was $3.5 billion in cash. NBC Uni was joined in the deal by private equity firms The Blackstone Group and Bain Capital. The entertainment company picks up The Weather Channel, seen by 97% of U.S. cable subscribers, weather services for newspapers and radio stations, and the widely used Web site Weather.com.
Who Now Controls The Weather? NBC Uni
What's Hot on Deadline