|
CNBC'S MOST SHARED
- Preparing for Retirement
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
- Software Giants Rush to Cash In on Carbon Counting
- Warren Buffett Tells CNBC Consumer Sales Remain "Very, Very Soft"
- WPP's Sir Martin Sorrell on the Ad Recession
- Investing in Tech Now
- The View From Newark
- Microsoft Plays a Game of Bing Pong
- China Demands Currency Reform, France Backs Debate
- Schmidt on Cloud Computing
- GM CEO Vows Leaner and Better Company To Emerge
- Geithner Seeks Clampdown on Derivatives Dealers
- Less Demand for Fed's Emergency Backstops
- Social Networking's 'Naked' Truth
- Claims Total Over 15,400 in Fraud by Madoff
- Farrell: Let's Enjoy the Numbers for a Moment
- JPMorgan Asks Treasury to Auction Warrants
- UBS Can't Comply with US Request: Internal Memo
- Cisco Cutting up to 2,000 Jobs, Analyst Says
- Global Stimulus: Boosting Water Stocks
- Warren Buffett's Top Three Investment Rules for the Average American
- Schork Oil Outlook: It’s Now or Never for the Bulls
- Social Networking's 'Naked' Truth
- Farrell: Let's Enjoy the Numbers for a Moment
- Call Of Shame - Vote Now
- Schmidt on Social Media, Ads and Hulu
- 15 Stocks to Consider
- Maximum Bob Goes Full Throttle For GM
Text Size 
NBC Universal, along with private equity firms Blackstone Group and Bain Capital, said Sunday they will buy The Weather Channel from Landmark Communications.
 |
] and the parent company of CNBC).Financial terms of the deal were not disclosed, but sources told Reuters the price was just below $3.5 billion.
"This will further position NBC Universal as the leading provider of news, information and weather, both online and on television," Jeff Zucker, president and CEO of NBC Universal, said in a press release. "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."
The Weather Channel is the third-most distributed cable network, available in 97 percent of cable homes. The weather.com Web site has more than 40 million unique users per month, while weather forecaster Weather Services International has more than 5,000 clients worldwide.
The transaction is expected to be completed by the end of the year.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes