33% chance of a shake-up

General Electric says NBC Universal is a core business. But its new deal for the Weather Channel casts some doubt on that. After all, the $270bn-plus market cap conglomerate could have easily written a check for $3.5bn to swallow the foul-weather forecaster whole. Instead, NBC teamed up with private equity firms Bain and Blackstone to split its ownership three ways. There’s a lot of ways for NBC to benefit from the Weather Channel. Its widely watched national news shows, such as the Today Show ...