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NBC Snurfles Up Bravo

    NBC Inc. … will buy Cablevision Systems Corp.’s Bravo cable television network in a deal valued at $1.25 billion, giving NBC an important entertainment outlet on cable.

    Under terms of the deal, NBC, which is owned by General Electric Co., would swap its 16 percent stake in Cablevision and an unspecified amount of GE shares for Cablevision’s 80 percent stake in Bravo, which focuses on arts programming, including shows like “Inside The Actor’s Studio,” and movies.

    NBC will also pay $250 million in cash to Metro-Goldwyn-Mayer Inc. for its 20 percent stake in Bravo in the channel.

About Eric Olsen

Career media professional and serial entrepreneur Eric Olsen flung himself into the paranormal world in 2012, creating the America's Most Haunted brand and co-authoring the award-winning America's Most Haunted book, published by Berkley/Penguin in Sept, 2014. Olsen is co-host of the nationally syndicated broadcast and Internet radio talk show After Hours AM; his entertaining and informative America's Most Haunted website and social media outlets are must-reads: [email protected], Facebook.com/amhaunted, Pinterest America's Most Haunted. Olsen is also guitarist/singer for popular and wildly eclectic Cleveland cover band The Props.

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