I was just watching the NBC Nightly News story Songwriter behind Toys R Us jingle, one of the catchiest of all time.
I was wondering why NBC chose to do this story instead of commenting on the Bloomberg story Toys ‘R’ Us Shutting U.S. Stores After Failed Turnaround. Listen to the mention of private equity owners Bain Capital and KKR not allowing needed investment in the stores.
I was wondering if NBC chose this softball story because they had any connection to Bain or KKR. A little Google search surfaced two articles immediately.
The New York Times has the story Weather Channel Is Sold to NBC and Equity Firms.
Though the parties did not disclose the price, the buyers, NBC and the private equity firms Bain Capital and the Blackstone Group, will pay just under $3.5 billion, people briefed on the matter said.
Business Wire has the story FanDuel Announces Series E Financing of $275 Million from KKR, Google Capital and Time Warner.
Existing investors Shamrock Capital, NBC Sports Ventures, Comcast Ventures, Bullpen Capital, Pentech Ventures and Piton Capital also participated.
I just report. You decide.