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  • Comcast Buys TechTV for $300M (Comcrap to merge TechTV with G4)

    03/26/2004 7:02:57 AM PST · by mhking · 21 replies · 202+ views
    Broadcasting & Cable ^ | 3.25.04 | Allison Romano
    After months of wrangling, Comcast Corp. is gobbling up struggling TechTV from Paul Allen's Vulcan Ventures Inc. and plans to merge it with video-game lifestyle network G4. The acquisition, said to come in just south of $300 million, would propell G4's distribution to from 15 million to 44 million homes. As part of the deal, EchoStar Communications, which had a 10% stake in Tech TV, will have a minority interest in G4. In return, G4 gets a slot on EchoStar's Dish Network's widely distributed "America's Top 120" tier. "The result will be one compelling TV channel that showcases the fun...