Word: channelling
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Dates: during 2000-2009
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With rumors running rife about General Electric planning to unload NBC Universal altogether, some analysts think The Weather Channel acquisition was an effort to spruce up NBC's online portfolio (which also includes MSNBC.com and CNBC.com) before selling the entertainment arm to a digital media company such as Google (which owns YouTube) or Apple. "The Weather Channel would add some icing to the cake," says Nicholas Heymann, an analyst for Sterne Agee & Leach. As syndication fees have evaporated and profit margins have thinned, TV companies have become less attractive assets. GE "has to start lighting a fire under its stock...
Although $3.5 billion is a huge sum, NBC will foot only a fraction of the total bill. The Blackstone Group, Bain Capital, and NBC will reportedly pay just $600 million each upfront, and finance the balance. The Weather Channel's estimated $175 million annual earnings should help defray the debt...
...will leverage its new acquisition, all watchers agree that the sellers got a sweet deal. "We feel it is a very fair price," says Decker Anstrom, president of Landmark Communications, who called the sale a "bittersweet moment" for the privately owned family business, which launched the cable channel back in 1982. Initially derided as the brunt of jokes, the forecast focused channel became profitable within four years and soon had established itself as a media category killer. Sheryl Crow named a song after it in 2002, and today it has an estimated 85 million viewers, many of whom are more...
Like wedding chapels and funeral homes, The Weather Channel has become a permanent institution. For many people, "there is a sense of mystery and power about the weather," says Anstrom. Business strategist Shahid Khan of IBB Consulting in Princeton, N.J., says, "The Weather Channel has a very loyal following. It has cornered the entire market." The promise of a daily forecast may not be as sexy as, say, the new iPhone, but it is just as much a cash...
...Jesus" bobbed up that seemed to buttress Jesus' historicity while at the same time suggest that the Catholic teaching that he had no true brothers was false - but the Israeli Antiquities Authority declared the inscription as a forgery (although various experts continue to disagree). In 2007 the Discovery Channel aired a documentary (funded by Titanic director James Cameron) that purported to have located the "Jesus Family Tomb" in the Israeli suburb of Talpiot, with bone boxes with the names "Jesus Son of Joseph," "Mary" and one of the names of Mary Magdalene. If the ossuaries were for the gospel Jesus...