Wave Systems Corp. (fka WAVXQ)

[Tsunami07]

NBC Universal to buy The Weather Channel for $3.5B

http://biz.yahoo.com/ap/080706/nbc_weather_channel.html

Sunday July 6, 5:45 pm ET

NBC Universal in deal to buy The Weather Channel and Weather.com from Landmark for $3.5B

NEW YORK (AP) -- NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark Communications Inc., ending a drawn-out process that had attracted interest from several major media companies.

The Weather Channel was launched in 1982. Its Web site has about 37 million monthly unique visitors, putting it in the top 15 Web sites, according to the company. The Weather Channel has 1,300 employees and estimated annual revenues of $550 million.

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