or


[10/09/07 - 08:04 AM]
NBC Universal to Acquire Oxygen Media
Under the agreement, NBCU will acquire Oxygen for $925 million.

[via press release from NBC]

NBC UNIVERSAL TO ACQUIRE OXYGEN MEDIA

Expands Company's Successful Cable Entertainment Business

Strengthens NBCU's Position in Fast-Growing Female Category

Seven-Year-Old Female-Targeted Network Reaches 74 Million Homes

NEW YORK - October 9, 2007 - NBC Universal is acquiring Oxygen Media, one of the nation's leading female-focused cable television networks, thus expanding its highly successful cable portfolio. The announcement was made today by Jeff Zucker, President and CEO, NBC Universal.

Under the agreement, NBCU will acquire Oxygen for $925 million. Net of financial assets, the purchase price is approximately $875 million. The network, which is available in more than 74 million homes, has been registering significant growth in both ad sales and viewership, with the just-completed third quarter being the most-watched in the history of the network. Launched in 2000, Oxygen is the only fully distributed entertainment cable channel launched in the last decade.

Zucker said: "In just seven short years, Oxygen has become the crown jewel of independent networks. It's a terrific property with a clear mission, strong brand, and desirable audience. This acquisition increases our foothold in the advertiser-coveted young, upscale, female demographic, and perfectly complements our current roster of cable channels and plays to our strength of running and operating cable networks."

The acquisition by NBC Universal is part of the company's strategy to transform its portfolio and focus on assets with potential for rapid growth. Oxygen joins NBC Universal's fully-owned cable entertainment networks, which include USA Network, the most-watched basic cable network in every key demographic; Bravo, the most upscale basic cable network, which just completed the best third quarter in its history; and SCI FI, the sixth-ranked basic cable entertainment network. Along with CNBC and MSNBC, NBC Universal's cable networks account for 50% of the company's profits, and are experiencing double-digit, year-over-year growth.

Oxygen was founded by current Chairman and CEO Geraldine Laybourne along with talk show host Oprah Winfrey and television producers Marcy Carsey, Tom Werner and Caryn Mandabach.

Commenting on the announcement, Laybourne said: "This deal with NBCU is the best way for Oxygen to grow. In seven years, we built a spectacular brand for women. We built Oxygen from scratch � we became profitable, grew from zero to 74 million subscribers and produced original programming that resonates with young women everywhere. I couldn't be more proud of my team. Now together with NBCU, Oxygen can become an even bigger brand."

Oxygen will strengthen NBC Universal's position of leadership in upscale, female-focused media. Oxygen's audience complements the viewers of Bravo and the Today show and visitors to iVillage, the leading online site for women. With these rich assets across multiple platforms, NBCU will now have an even more attractive go-to-market position in the fast-growing women's entertainment and lifestyle market.

Upon completion of the transaction, Oxygen will be merged into NBC Universal's Entertainment Cable division, which is managed by Jeff Gaspin, President and Chief Operating Officer, Universal Television Group.

Said Gaspin: "We are very excited to add Oxygen to our portfolio of cable assets. We believe we can take it to the next level by expanding the quality brand that has been created by Gerry and the rest of the team."

The Oxygen purchase will be substantially self-funded through the sale of non-core assets. NBC Universal is selling its two independent Telemundo television stations: KWHY in Los Angeles, one of its two Spanish-language stations in that city, and WKAQ in Puerto Rico.

The Oxygen transaction will be accretive to earnings after the first full year, and is valued at an attractive price per subscriber of less than $12. NBC Universal expects revenue and cost synergies of approximately $35 million in 2008.

The transaction is expected to close in November following the receipt of customary regulatory approvals.

About NBC Universal:

NBC Universal is one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience. Formed in May 2004 through the combining of NBC and Vivendi Universal Entertainment, NBC Universal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, and world-renowned theme parks. NBC Universal is 80% owned by General Electric and 20% owned by Vivendi.

About Oxygen Media:

Oxygen is currently available in over 74 million homes. The network was launched in 2000 to fill a void in the television landscape -- creating a network targeted to younger women. Oxygen is rewriting the rulebook for women's television, with vast array of unconventional and original programming including The Janice Dickinson Modeling Agency, The Bad Girls Club, Tori & Dean: Inn Love and Campus Ladies. Geraldine Laybourne, the network's founder, Chairman and CEO, has led the company to be a strong advocate for women. Through programs like The Mentor's Walk, Oxygen's national program for bringing along the next generation, and "Who Cares About Girls," Oxygen's new documentary series -- Oxygen is creating The New Girls Network.





  [october 2007]  
S
M
T
W
T
F
S
 


· SHOWATCH
(series past and present)
· DEVWATCH
(series in development)
· MOVIEWATCH
(tv movies and mini-series)





[07/23/17 - 02:44 PM]
Video: Watch the Casts of "The Gifted" and "The Orville" at San Diego Comic-Con!
Check out their respective visits to "The Gifted" X-Gene Screening Station and "The Orville" Space Training Center & Gyroscope Ride.

[07/23/17 - 02:33 PM]
Video: BBC America Releases World Premiere Videos for "Doctor Who" at San Diego Comic-Con
In addition, it was revealed that Peter Capaldi's final episode of "Doctor Who" this Christmas will feature Pearl Mackie as Bill Potts and is titled "Twice Upon a Time."

[07/23/17 - 12:51 PM]
Video: Watch the New Trailer for TNT's "The Last Ship"
The fourth season is slated to launch with a two-episode premiere on Sunday, August 20.

[07/23/17 - 12:34 PM]
Video: Comic-Con 2017 Confessional: DC Super Heroes - and Super-Villain
Stephen Amell, Grant Gustin and Melissa Benoist are among those featured.

[07/23/17 - 11:09 AM]
The Family Business Gets a Little Bigger with Confirmed Casting for Upcoming "Wayward Sisters" Episode of "Supernatural"
Briana Buckmaster, Kathryn Newton, Katherine Ramdeen and Clark Backo will join the previously announced Kim Rhodes.

[07/23/17 - 10:49 AM]
Classic Rock Legends Kansas Make a Surprise Appearance at "Supernatural's" Hall H Comic-Con Panel Performing Their Timeless Hit "Carry on Wayward Son"
The show's annual Comic-Con panel in Hall H started with a custom video recorded by stars Jared Padalecki and Jensen Ackles as their characters, Sam and Dean Winchester.

[07/23/17 - 09:13 AM]
Saturday's Broadcast Ratings: FOX, NBC Share in Adults 18-49 Victory
The Peacock however is the most-watched broadcaster last night.

[07/22/17 - 09:14 PM]
Video: Syfy's Critically-Acclaimed Original Series "The Expanse" Touches Down at San Diego Comic-Con
Plus: Elizabeth Mitchell will play a character that brings a new, spiritual perspective to the series.

[07/22/17 - 06:55 PM]
Video: "Freedom Fighters: The Ray" Comic-Con 2017 Sneak Peek
The reel was full of familiar faces, including evil alternate versions of Green Arrow, The Flash and Supergirl.

[07/22/17 - 06:54 PM]
Video: Comic-Con Confessional Videos - "The 100" & "Riverdale"
The former's Marie Avgeropoulos, Lindsey Morgan and Tasya Teles are among the latest participants.

[07/22/17 - 06:54 PM]
Video: Syfy's "The Magicians" Come Together at San Diego Comic-Con
The audience got a sneak peek into Season 3 and its highly anticipated new set - the Muntjac boat.

[07/22/17 - 06:53 PM]
Video: Doug the Pug, Special Comic-Con Corres-paw-ndent - "Riverdale," "Supergirl" & "Arrow"
Doug the Pug sniffs out some answers in exclusive interviews at Comic-Con 2017.

[07/22/17 - 06:28 PM]
New Threats Emerge in Star City for Season Six of "Arrow"
In addition to the return of fan-favorite guest star David Nykl, the series can look forward to the addition of a landmark actor from the genre series world: Michael Emerson.

[07/22/17 - 06:03 PM]
First Look at Syfy and Universal Cable Productions' "Happy!," Starring Christopher Meloni, Revealed at San Diego Comic-Con
Producers also announced that Patton Oswalt will voice the title role of the blue winged horse, "Happy."

[07/22/17 - 05:52 PM]
Team Flash Meets New Challenges (and Characters) in "The Flash" Season Four!
Danny Trejo, Neil Sandilands and Kim Engelbrecht are all on tap for the upcoming season.