Tech Biz  :  Media   RSS  Comcast Buys TechTV  Daniel Terdiman
Email 03.26.04  SAN FRANCISCO -- Tense TechTV employees, numb
from months of speculation about their future, were told during
an emotional all-hands meeting late Wednesday afternoon that
Comcast is buying their company.  That announcement, made
official by Comcast on Thursday, ends months of speculation that
the cable TV giant planned to buy the struggling technology news
outlet. Paul Allen's Vulcan Ventures, which first invested in
TechTV in 1998, had owned the cable channel outright since early
2000.  Although terms of the sale were not announced, informed
sources say that Comcast will pay close to $300 million for
TechTV.  Comcast will fold TechTV into its own games channel,
G4.  "I think this is a tremendous vote of confidence that
Comcast has in video games," says G4's CEO Charles Hirschhorn,
who will stay in charge when the merger is completed. "This one
transaction triples all the performance measures we would look
for. It triples our distr