More...
 

NBC Universal Buys Oxygen For $925 Mil

digg Share this on Facebook Huffpost - NBC Universal Buys Oxygen For $925 Mil stumble reddit del.ico.us RSS


First Posted: 10- 9-07 11:55 AM   |   Updated: 03-28-08 02:45 AM

I Like ItI Don’t Like It
Read More: Jeff Zucker, NBC Universal, Oxygen Media, Media News
2007-10-09-nbc_oxygen.jpg

AP:

NBC Universal said Tuesday it is buying female-oriented cable television network Oxygen Media for approximately $925 million.

Excluding financial assets, the deal is worth about $875 million, the company said.

"This acquisition increases our foothold in the advertiser-coveted young, upscale, female demographic," NBC Universal President and Chief Executive Jeff Zucker said in a statement.

Read the whole story: AP

Filed by Michelle Kung
 
Comments
2
Pending Comments
0
iPhone App Promo

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
- Kansas Evans I'm a Fan of Kansas Evans permalink

Yeah, and we all know how well media conglomeration is working for our country. But oh, I forgot, it's all about the advertising. At least Oxygen doesn't carry any news.

One question: will Oprah after the Show still come on? I loves it!

    Favorite    Flag as abusive Posted 03:31 PM on 10/09/2007
- DELICIOUS I'm a Fan of DELICIOUS permalink

YOU NEED TO CHECK YOUR DEMOGRAPHICS...OXYGEN IS FOR WOMEN OF ALL AGES WHO LIKE INTELLIGENT PROGRAMS AND NOT REALITY GARBAGE LIKE BROADCAST STATIONS THINK. YOU NEED TO CHECK WHAT THE RETIREES AND THE BOOMERS ARE WATCHING...THEY HATE REALITY SHOWS UP ONE SIDE AND DOWN THE OTHER. THE ONLY ONE THEY WATCH IS DANCING WITH THE STARS.

    Favorite    Flag as abusive Posted 02:36 PM on 10/09/2007
Comments are closed for this entry

You must be logged in to reply to this comment. Log in  or  Connect