Posted on 03/23/2018 2:09:47 PM PDT by RightGeek
The Weather Channel TV network was sold Thursday to comedian-turned-media mogul Byron Allen.
Allens Entertainment Studios Inc. bought the 36-year-old TV staple from the Blackstone Group, Bain Capital and Comcast.
Terms of the sale were not disclosed, but sources pegged the price at about $300 million.
The network and its digital property weather.com were purchased by the trio 10 years ago for $3.5 billion.
The web properties were sold to IBM in 2015 for $2 billion.
The Weather Channel is one of the most trusted and extremely important cable networks, with information vitally important to the safety and protection of our lives, said Allen, who rose to fame as a Real People host in 1979. The acquisition of the Weather Channel is strategic, as we begin our process of investing billions of dollars over the next five years to acquire some of the best media assets around the world.
...
Founded in 1993 by Allen, Entertainment Studios owns the HD cable networks JusticeCentral.tv, Cars.tv, Pets.tv and Recipe.tv.
...
(Excerpt) Read more at nypost.com ...
A comedian will probably be more accurate than some of the people they have already. :D
I wonder where he got the money.
I’ve never heard of him either.
Yup, I did not read the article.
Sorry to everyone.
Why not?
GoreBull warming is the biggest joke ever told. And the punchline just keeps on going, all the way to the bank.
Neither do I, virtually every segment is dedicated to MAN MADE GLOBAL WARMING.......
“If it was my Daddys Store, I would revamp the morning segment. Stef and Jim, would be long gone. Plus, the Old Tornado forecaster.”
We only watch at night.
I would remove all Global warming stuff.
Saw a article about how volcanoes can effect the weather.
Like it just starting happening. haha
That will be their reason for the cooling that is/has been starting.
We watch Weather Nation 361 on Direct TV.
Never talk about any thing but weather and occasionally videos of doggies playing in the snow.
Yes, that’s why it’s never on at my house
I am in the airline business.
For years, the weather channel was the first thing I watched in the morning, and the last thing I watched at night.
These days, I follow the college kids on the storm chaser forums. Much more accurate, and they actually care about getting it, not who gets the social media likes.
The Weather Channel does push the phony climate change propaganda. Wonder what this guy’s take on that issue is?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.