Attachment Exhibit E

This document pretains to SES-T/C-20151209-00925 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2015120900925_1117789

                                                                                      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 transfer of control of The Weather Channel,
LLC (“TWC LLC”), the holder of FCC authorizations for the use of four private, non-common
carrier earth stations in the United States.1 Specifically, this application relates to E050116,
E060074, E070142 and WD34. As described in Exhibit F to this application, the proposed
transaction will split the holdings of TWC LLC’s parent company into two companies, with
TWC LLC remaining under the control of its current ownership. The remainder of the company
will be sold to IBM.

TWC LLC, a Georgia limited liability company, is wholly-owned by The Weather Company,
LLC (“TWC”), a Georgia limited liability company. TWC is wholly-owned by TWCC Holding
Corp. (“TWCC”), a Georgia corporation.2 TWCC is wholly-owned by BBN Intermediate
Holdings, Inc. (“BBNI”), a Delaware corporation. BBNI is wholly-owned by BBN Holdings,
Inc. (“BBNH”), a Delaware corporation. Each of these entities is located at 300 Interstate North
Parkway, Atlanta, Georgia 30339.

BBNH is owned by the following entities:

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)

NBCU, Bain and Blackstone are parties to a shareholders agreement that may require a
unanimous or supermajority vote for certain actions.
Following the transaction, and as described in Exhibit F, TWC LLC will be 100% owned by TV
Spinco LLC (“Spinco”), a Delaware LLC with the same address as TWC LLC. Spinco will be


1
  TWC LLC 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. TWC
LLC will file a notice of the transfer of control of E030141 following consummation of the proposed transaction.
2
  On January 1, 2013, TWC, an existing wholly-owned subsidiary of TWCC, was inserted into the corporate
ownership chain of TWC LLC as the owner of 100% of TWC LLC. This change had no effect on the ultimate
ownership of TWC LLC and did not change the licensee of the authorizations that are the subject of this application.
To the extent that Commission authorization is required for that action, TWC LLC requests such authorization.
3
  Ownership is reported to the nearest 1/100th of a percent and reflects minor changes since the last application filed
by TWC LLC.


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

owned by TV Holdings 1, LLC and TV Holdings 2, LLC. Both TV Holdings 1 and TV
Holdings 2 are Delaware limited liability companies with the same address as TWC LLC.
TV Holdings 1 will be 50.04% owned by Blackstone and 49.77% owned by Bain and will have a
75.00% ownership interest in Spinco. Blackstone will have a 37.53% indirect ownership interest
in Spinco and Bain will have a 37.33% indirect ownership interest in Spinco.
TV Holdings 2 will be 100% owned by NBCU and will have a 25.00% ownership interest in
Spinco.
Additional information for each of the entities with ultimate ownership of TWC LLC before and
after the proposed transaction is provided below.
NBCUniversal Media, LLC
NBCUniversal Media, LLC is a wholly owned subsidiary of NBCUniversal, LLC.4 Comcast
Navy Contribution, LLC holds a 45.94% voting interest and a 33.69% equity interest in
NBCUniversal, LLC and Comcast Navy Acquisition, LLC holds a 48.95% voting interest and a
36.5% equity interest in NBC Universal, LLC.
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 are each 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 Office, 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 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.
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.


4
 Applicant notes that the previous application for a pro forma transfer of control, File No. SES-ASG-20101123-
01469, indicates that this interest was held by NBC Universal, Inc., which in turn ultimately was controlled by
General Electric Company. The information reported here reflects the acquisition of NBC Universal, Inc. by
Comcast Corporation, which was approved by the Commission in MB Docket No. 10-56. See Applications of
Comcast Corporation, General Electric Company and NBC Universal, Inc., FCC 11-4, Memorandum Opinion and
Order, 26 FCC Rcd 4238 (Jan. 20, 2011)


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

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: 2015-12-08 16:01:27
Document Modified: 2015-12-08 16:01:27

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