Bidders Line Up to Acquire the Weather Channel from Landmark

Authored by Mark Hefflinger on May 23, 2008 - 8:37am.

New York - Several bidders appear to be in contention to buy the Weather Channel cable network form owner Landmark Communications, including Time Warner (NYSE: TWX) and a partnership between private equity firm Blackstone Group and NBC Universal (NYSE: GE), Reuters reported on Friday.

Bids for the network, which were due on Friday, were expected to be around $3-$4 billion.

CBS (NYSE: CBS), once considered a top contender for the network, is reportedly now considered an underdog, Reuters said.

The Weather Channel's web site attracts about 35 million unique visitors a month.

 

Related Links:
http://biz.yahoo.com/rb/080523/weatherchannel.html?.v=5

http://www.weather.com

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