11.10.07
NBC to buy Oprah-founded Oxygen network for $925M
- My Name is Earl, Television, NBC, Oxygen -
By Agence France-Presse
NEW YORK–NBC Universal announced plans Tuesday to buy Oxygen Media, a cable television network focused on programming aimed at women, for $925 million.
NBC Universal, the media-entertainment giant that is a unit of US conglomerate General Electric, said the acquisition was part of a strategy for more rapid growth.
“In just seven short years, Oxygen has become the crown jewel of independent networks,” said Jeff Zucker, president and chief executive of NBC Universal.
