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Space Com Company

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March 23, 2000 | From Bloomberg News
General Electric Co.'s NBC television network said it has acquired a minority stake in closely held Space.com, which provides news about space over the Web and is headed by former CNN news anchor Lou Dobbs. Under the agreement, NBC will pay a combination of cash and TV advertising time on its network. It didn't disclose financial details. NBC will gain rights to Space.com's content and will pursue promotion, marketing and content distribution with Space.com. Shares of Fairfield, Conn.
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BUSINESS
March 23, 2000 | From Bloomberg News
General Electric Co.'s NBC television network said it has acquired a minority stake in closely held Space.com, which provides news about space over the Web and is headed by former CNN news anchor Lou Dobbs. Under the agreement, NBC will pay a combination of cash and TV advertising time on its network. It didn't disclose financial details. NBC will gain rights to Space.com's content and will pursue promotion, marketing and content distribution with Space.com. Shares of Fairfield, Conn.
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