Late word is that The Weather Channel will be sold to either GE’s (GE) NBCU unit, in partnership with Blackstone (BX), or to Time Warner (TWX).
According to Reuters, "The winning bid is expected to range between $3.5 billion and $4 billion, but closer to $3.5 billion, one source said." Assuming that the number is a reasonable multiple of cash-flow, getting the company would be a brilliant deal.
While a recession may hurt some TV revenue from VOD operations and programming like The Home Shopping Network, the need for weather information should remain constant. The same is true with online operation Weather.com. Ebay (EBAY) and other e-commerce firms may get banged up, but getting forecasts online is part of a great American tradition that predates the web and goes back to the Farmer’s Almanac. As a matter of fact, the book is probably still more accurate.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
