NBC buys Oprah’s Oxygen Channel for $925 million

 

Oprah Winfrey, America’s highest earning television celebrity, is set to build on her cash mountain after selling a TV channel she co-founded to NBC Universal for about $925 million, (£454 million).  

NBC, home to hit shows such as ER and the US version of The Office, is buying Oxygen Media, a cable television channel aimed at women, to “increase our foothold in the advertiser-coveted young, upscale, female demographic,” according to Jerry Zucker, its chief executive.  

“It perfectly complements our current roster of cable channels and plays to our strength of running and operating cable networks,” he added. 

(Source: Times Online UK)


Film Business, TV


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