NBC Universal has agreed to pay $925 million (E652m) for Oxygen Media, the independent cable television channel for women launched seven years ago by talk-show host Oprah Winfrey. It marks NBC's latest move to tap into the cable sector. Executives hope they can cross-promote NBC’s traditional broadcast network, cable services and Internet portals, and believe the combination will appeal to advertisers seeking multi-media packages.

NBC plans to sell two of its Spanish-language television stations, including KWHY-TV Channel 22 in Los Angeles and another in Puerto Rico, to help finance the transaction.

Other posts by :

1. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

Categories: Articles, Business, M&A