New York—NBC Universal, Bain Capital and the Blackstone Group announced Sunday their acquisition of the Weather Channel properties from Landmark Communications. Financial terms of the deal were not disclosed.
The transaction includes the Weather Channel Networks, the Weather Channel Interactive (including weather.com) and Weather Services International. The Weather Channel will be operated as a separate entity, based in Atlanta, with management services to be provided by NBC Universal.
Jeff Zucker, president-CEO of NBC Universal, said in a statement, “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.”
—Sean Callahan
