NBC is buying Oprah’s network named Oxygen for 925 million dollars.
Oxygen Media, is a cable television network that focuses on programs for women.
NBC Universal released a statement saying that:
“In just seven short years, Oxygen has become the crown jewel of independent networks,” said Jeff Zucker, president and chief executive of NBC Universal.
“It’s a terrific property with a clear mission, strong brand, and desirable audience.”
The network was founded in 2000 by Geraldine Laybourne along with Oprah Winfrey and television producers Marcy Carsey, Tom Werner and Caryn Mandabach.
Oxygen will join NBC Universal’s cable entertainment networks including USA Network, Bravo, and SCI FI.
NBC will fund the deal by selling two independent Telemundo television stations, KWHY in Los Angeles and WKAQ in Puerto Rico.
