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)









[07/06/15 - 03:46 PM]
Marvel & ESPN Films Premiere Short Film Series Beginning July 10
All eight films will have a television premiere and will also be released on the ESPN 30 for 30 Facebook page the same day.

[07/06/15 - 03:35 PM]
National Geographic Channel Announces Cast of Four-Hour Movie Event "Saints & Strangers"
Vincent Kartheiser, Anna Camp, Ron Livingston, Barry Sloane, Ray Stevenson and Natascha McElhone are among the ensemble cast members.

[07/06/15 - 02:20 PM]
Investigation Discovery Closes Out First Half of 2015 Celebrating Best 2nd Quarter and Best June Ever in Prime and Total Day
Investigation Discovery spins the numbers for the second quarter of 2015.

[07/06/15 - 01:37 PM]
Lifetime Renews Critically Acclaimed Drama "UnREAL" for Second Season
Airing on Mondays at 10:00/9:00c, "UnREAL" is Lifetime's youngest scripted series ever, with a median age of 43.

[07/06/15 - 01:20 PM]
Staggering 25.4 Million Witness USA Defeat Japan to Win Coveted FIFA Women's World Cup 2015 Title
FOX Sports spins the numbers for Sunday, July 5.

[07/06/15 - 12:46 PM]
Disney XD & Marvel to Debut Animated "Marvel's Guardians of the Galaxy"
The series debuts with a one-hour special featuring back-to-back episodes, Saturday, September 26 at 9:30 PM ET on Disney XD.

[07/06/15 - 12:45 PM]
MTV's "Scream" Premiere Draws Six Million Total Viewers, Leaps +45% in L+3 Ratings
MTV further spins the numbers for Tuesday, June 30.

[07/06/15 - 12:36 PM]
Showtime(R) Presents "Jay Pharoah: Can I Be Me?"
This is Pharoah's first hour-long comedy special from The Cutting Room in New York City.

[07/06/15 - 12:11 PM]
Cinemax - Official "Outcast" Key Art and New Comic Book Cover Art
Get your first taste of the upcoming Robert Kirkman series based on the Skybound/Image comic.

[07/06/15 - 10:56 AM]
USA Network's Award-Winning Series "Mr. Robot" Jumps 36% in P18-49 for Week Two
USA further spins the numbers for Wednesday, July 1.

[07/06/15 - 10:40 AM]
Video: Watch the Extended Trailer for TNT's "Public Morals," Premiering August 25 at 10/9c
Ed Burns is behind the project, which also stars Michael Rapaport and Elizabeth Masucci.

[07/06/15 - 10:32 AM]
Actor Jeffrey Dean Morgan Joins the Cast of "The Good Wife" as a Series Regular for Season Seven
Morgan will play Alex, a calm, experienced hourly investigator whom Alicia hires.

[07/06/15 - 09:17 AM]
Turner Broadcasting Brings Brands Closer to Fans at Comic-Con International: San Diego 2015
A lineup of events, panels, talent appearances, signings and related sponsor activations will showcase the breadth of the company's fan-driven brands and unique partnership capabilities.

[07/06/15 - 08:32 AM]
Netflix Releases "Chris Tucker Live" Trailer and Key Art
In the special, Chris Tucker returns to the stage he loves and showcases his mind-blowing comedic chops as he shares his experiences from childhood to the big time.

[07/06/15 - 07:16 AM]
USA's Women's World Cup Championship Match Sets Metered Market Household Ratings Record
FOX Sports spins the numbers for Sunday, July 5.