Monday, July 7, 2008

"NBC Storms Weather Channel"

As widely reported in the press this morning, NBC Universal is acquiring The Weather Channel in a joint venture with two private equity firms: The reported price of $3.5 billion is considerably less than originally suggested. Jeff Zucker, president of NBC Universal, appeared in a 15-minute segment of CNBC's Squawk Box this morning to discuss the deal. CNBC's Media Money honey comments on the deal in her blog, with video: NBC And Why It's Paying $3.5 Billion For The Weather Channel.

For the snarky view, see Gawker, including a link to Chris Farley as El Niño:

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