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Weather Channel Sells for $3.5B

NBC, Blackstone, and Bain score cable stalwart for far under expected $5B

By Jim O'Neill, Newser User

Posted Jul 7, 2008 6:25 AM CDT

(Newser) – NBC is heading an investor group that will buy the Weather Channel for nearly $3.5 billion—well below the $5 billion Landmark Communications was expecting when it put the iconic cable channel up for sale in January. The group, which includes private equity firms... Read full story »

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Weather Channel Sells for $3.5B

NBC, Blackstone, and Bain score cable stalwart for far under expected $5B

Time Warner • Blackstone Group • cable TV • NBC Universal • Bain Capital • acquisition • Weather Channel • Landmark Communications

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More Newser Stories

Latest Cable Battle: Beaming Straight to iPad

Time Warner draws networks' ire with live-TV app

FCC Honcho: Comcast Can Only Buy NBC if It Shares

Commission aims to block media stranglehold

Fox Stations Will Stay on Time Warner Cable

News Corp. makes a deal well past original deadline

Comcast Near $35B Deal for NBC Universal

Cable giant has been in talks with owner of network for weeks

Time Warner, Viacom Reach Zero-Hour Deal

Cable provider keeps grip on Nickelodeon, Comedy Central, MTV

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