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MSNBC now disclosing Bain Capital connection
By DYLAN BYERS | 12/29/11 4:39 PM EST
Starting on last night’s Ed Show with Ed Schultz, MSNBC anchors are now disclosing their parent company’s ties to Bain Capital, the buyout firm co-founded by Mitt Romney.
In July 2008, NBC Universal, Bain Capital and Blackstone Group bought the Weather Channel for an estimated $3.5 billion – a business relationship that MSNBC anchors have not disclosed until now, according to a search of the Nexis and TVEyes databases going back to 2008.
We’ve reached out to MSNBC to ask why anchors only started disclosing the connection now, but have yet to hear back. But the connection certainly doesn't seem to be providing Romney with much favorable coverage:
“Mitt Romney`s history at Bain Capital is not going to help his image as a job creator,” Schultz said on last night’s show. “Now, we want to disclose that NBC Universal and Bain Capital are each a part owner of the Weather Channel. Bain Capital`s main business model is buying companies like American Pad and Paper and restructuring them. In many instances, Bain turned a profit by strip-mining these companies. American -- AMPAD is what it`s known. The stock was driven down and the company went bankrupt. They fired hundreds of workers along the way.”
MSNBC’s Andrea Mitchell also mentioned the NBC-Bain connection on her program this afternoon.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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