Attachment Exhibit E

This document pretains to SES-ASG-20160725-00695 for Assignment on a Satellite Earth Station filing.

IBFS_SESASG2016072500695_1144518

                                                                                   The Weather Channel LLC
                                                                                                  Form 312
                                                                                               Question A20
                                                                                                  Exhibit E
                                                                                                 Page 1 of 3

                         Parties with Ownership Interests in the Transferee

This application seeks FCC consent for a pro forma assignment of four private, non-common
carrier earth stations authorizations held by Weather Group Television, LLC (“WGT”),
E050116, E060074, E070142 and WD34, to FCC License Holdings, LLC (“License Holdings”).1
As described in Exhibit F to this application, the proposed transaction will assign these licenses
to another company with exactly the same ultimate ownership as WGT.

Current Ownership

WGT, a Georgia limited liability company, is wholly-owned by Weather Group, LLC (“Weather
Group”), a Delaware limited liability company. Weather Group is owned by TV Holdings 1,
LLC and TV Holdings 2, LLC. Both TV Holdings 1, LLC and TV Holdings 2, LLC are
Delaware limited liability companies.2 Each of these entities is located at 300 Interstate North
Parkway, Atlanta, Georgia 30339.

TV Holdings 1, LLC is 50.04% owned by Blackstone and 49.77% owned by Bain and has a
75.00% ownership interest in Weather Group. Blackstone has a 37.53% indirect ownership
interest in Weather Group and Bain has a 37.33% indirect ownership interest in Weather Group.
TV Holdings 2, LLC is 100% owned by NBCU and has a 25.00% ownership interest in Weather
Group.
The following is information on the owners of WGT:

Owner                                  Address                        Primary Business             Ownership3
NBCUniversal Media, LLC                30 Rockefeller Plaza           Media                        25.00%
(“NBCU”)                               New York, NY 10012
Private equity funds                   111 Huntington                 Private Equity Fund          37.33%
controlled by Bain Capital             Avenue                         Manager
Investors, LLC (“Bain”)                Boston, MA 02199
Private equity funds                   345 Park Avenue                Alternative Asset            37.53%
controlled by The Blackstone           New York, NY 10154             Manager
Group (“Blackstone”)                   (Principal Office)


1
  WGT also holds a license in the Business Radio Service, which is the subject of a separate application being filed
concurrently with this application, and holds an authorization for receive-only earth station E030141. WGT will file
a notice of assignment of E030141 following consummation of the proposed transaction.
2
  The current ownership structure was approved by the Commission on December 29, 2015. See File No. SES-T/C-
20151209-00925, Public Notice, Satellite Communications Services Information, Rep. No. SES-01812 (rel. Dec. 30,
2015). In the consummation notice for that transaction, filed on February 4, 2016, the company reported that the
name of TV Spinco, LLC, the parent company of the licensee, had been changed to Weather Group, LLC. On
March 31, 2016, the company reported that the name of the licensee for these authorizations had been changed from
Weather Channel, LLC to Weather Group Television, LLC.
3
  Ownership is reported to the nearest 1/100th of a percent.


                                                                                   The Weather Channel LLC
                                                                                                  Form 312
                                                                                               Question A20
                                                                                                  Exhibit E
                                                                                                 Page 2 of 3

NBCU, Bain and Blackstone are parties to a shareholders agreement that may require a
unanimous or supermajority vote for certain actions.
Proposed Transaction

This assignment will take place as part of a broader transaction involving assets that are not
subject to Section 310(d). All of the FCC authorizations held by WGT will be assigned to
License Holdings, a Delaware limited liability company.4 License Holdings will ultimately be
owned by Weather Holdco, LLC (“Weather Holdco”), a Delaware limited liability company.
Each of these entities is located at 300 Interstate North Parkway, Atlanta, Georgia 30339.

Weather Holdco will be 75.00% percent owned by Weather Domestic Blocker Co., a Delaware
corporation (“Weather Domestic Blocker”), and 25% owned by NBCU. Weather Domestic
Blocker will be 100% owned by Weather Foreign Blocker Co., a Cayman Islands limited
company (“Weather Foreign Blocker”). Weather Domestic Blocker and Weather Foreign
Blocker will be located at 300 Interstate North Parkway, Atlanta, Georgia 30339. Weather
Foreign Blocker will be owned by Bain, which will have a 49.77% interest and Blackstone,
which will have a 50.04% interest. Through Weather Foreign Blocker, Weather Domestic
Blocker, and Weather Holdco, Blackstone will have a 37.53% indirect ownership interest in
License Holdings and Bain will have a 37.33% indirect ownership interest in License Holdings.
Consequently, following the transaction, the ultimate ownership of the company holding the
authorizations subject to the application, License Holdings, will be the same as the ultimate
ownership of the current licensee of these authorizations. As a result, the transaction constitutes
a pro forma assignment of those licenses.

Additional information for each of the entities with ultimate ownership of License Holdings
before and after the proposed transaction is provided below.
NBCUniversal Media, LLC
NBCUniversal Media, LLC is a wholly owned subsidiary of NBCUniversal, LLC. Comcast
Navy Contribution, LLC holds a 45.75% voting interest and a 38.31% equity interest in
NBCUniversal, LLC and Comcast Navy Acquisition, LLC holds a 49.79% voting interest and a
41.69% equity interest in NBC Universal, LLC. NBCUniversal Enterprise, Inc. holds a 4.06%
voting interest and a 19.06% equity interest in NBCUniversal, LLC.


4
 As one of the steps during the reorganization, the assets being assigned, including the FCC authorizations, will be
held briefly as undivided interests by TV Holdings 1, LLC and TV Holdings 2, LLC, which are part of the current
ownership structure. TV Holdings 1, LLC and TV Holdings 2, LLC will have the same percentage interests they
have today. The undivided interest held by TV Holdings 1 will also be held briefly by Weather Foreign Blocker and
Weather Domestic Blocker, and the authorizations will be held briefly by License Holdings. Under the
Commission’s Phipps precedent, these steps can be disregarded for purposes of this application. See John H.
Phipps, Inc., Memorandum Opinion and Order, BALCT-960116IA (1996).


                                                                       The Weather Channel LLC
                                                                                      Form 312
                                                                                   Question A20
                                                                                      Exhibit E
                                                                                     Page 3 of 3

Comcast Navy Contribution, LLC is owned 88.1% by subsidiaries of Comcast Holdings
Corporation and 11.9% by Comcast Contribution Holdings, LLC. Comcast Holdings
Corporation and Comcast Contribution Holdings, LLC are each 100% owned by Comcast
Corporation. NBCUniversal Enterprise, Inc. is 79% owned by Comcast Navy Holdings, LLC.
Comcast Navy Holdings, LLC is 100% owned by Comcast Corporation.
Comcast Navy Acquisition, LLC is 100% owned by Comcast Corporation. Each of the entities
in the ownership chain of NBCUniversal Media is a United States entity.
Comcast Corporation’s mailing address is One Comcast Center, 1701 John F. Kennedy
Boulevard, Philadelphia, Pennsylvania 19103. Comcast is a publicly traded corporation with
stock that is widely held by members of the public. No individual or entity holds, directly or
indirectly, a ten percent or greater equity interest in Comcast. Brian L. Roberts, Comcast’s
Chairman and Chief Executive Officer, has or is attributed with the power to vote stock that
represents 33.33 percent of the voting power of Comcast’s voting stock. Mr. Roberts’s voting
interest is held primarily through his control BRCC Holdings LLC, a Delaware limited liability
company of which he is the sole Manager. No other individual or entity has or is attributed with,
directly or indirectly, a ten percent or greater voting interest in Comcast Corporation.
Bain Capital Investors, LLC
The Bain Capital funds are controlled by Bain Capital Investors, LLC (“BCI”), a Delaware
limited liability company that is a private equity investment firm. No person holds a ten percent
or greater share of the voting control of BCI.
The Blackstone Group
The Blackstone Capital funds are controlled by the Blackstone Group, a Delaware corporation
that is a leading global alternative asset manager and provider of financial advisory services. The
Blackstone Group is listed on the New York Stock Exchange under the ticker symbol “BX” with
its principal office located at 345 Park Avenue, New York, NY 10154. No public unit holder
holds 10% or more of the publicly traded units of BX.



Document Created: 2016-07-25 09:18:23
Document Modified: 2016-07-25 09:18:23

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