NBC Universal to buy Weather Channel
The Weather Channel: valued at a reported $3.5 billion. I regret to see it sold to NBC Universal,which, with MSNBC and other companies, is acquiring quite a monopoly.
NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark Communications Inc., ending a drawn-out process that had attracted interest from several major media companies.
Financial terms weren't disclosed, but a person familiar with the matter who insisted on anonymity said the purchase price was $3.5 billion in cash. NBC was joined in the deal by the private equity firms The Blackstone Group LP and Bain Capital LLC.