NBC Universal has agreed to buy Oxygen Media, a cable television network aimed at women, for approximately $925 million. The deal is expected to close next month Oxygen was founded in 2000 by such people as Oprah Winfrey, and raised over $320 million from AOL/Time Warner, L Capital Management and Vulcan Capital.
“This acquisition increases our foothold in the advertiser-coveted young, upscale, female demographic,” NBC Universal President and CEO Jeff Zucker said in a statement.
NBC said that it would finance the deal via the sale of non-core assets, including a pair of independent Telemundo station.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.