A group of investors, led by NBC Universal, closed the deal to acquire the Weather Channel, according to the NY Times. The price is reported to be around $3.5 billion, although an official number was not announced. TWC will not be folded into NBC’s Weather Plus, instead being run independently. The NBC Nightly News tonight said that the deal is expected to be completed before the end of the year. Jeffrey Zucker told the NYTimes that the future of Weather Plus was “undetermined at this point,” and said the company and its affiliate partners would evaluate it “in the next few months.”
More Coverage:
- Official press release
- Broadcasting & Cable
- paidContent.org
- Al Roker on the Weather Channel? (TV Decoder)
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