New York - Landmark Communications announced that it has agreed to sell The Weather Channel to a group made up of NBC Universal (NYSE: GE) and the private equity firms of The Blackstone Group and Bain Capital. Terms of the deal were not disclosed, but sources familiar with the deal said the price was "just under $3.5 billion," according to a report by Reuters.

New York - Time Warner (NYSE: TWX) has withdrawn from its attempt to acquire the Weather Channel, according to a report by Reuters on Friday, which cited sources close to the negotiations.

Atlanta - Time Warner (NYSE: TWX) is competing with a rival group led by NBC Universal (NYSE: GE), Blackstone Group and Bain Capital to acquire Atlanta-based Weather Channel from Landmark Communications, according to a report by Reuters on Friday.

San Francisco - Blinkx, the developer of a video search engine, on Thursday announced content partnerships with the BBC, CBS and The Weather Channel. With the agreements, the site will further expand its programming, which already includes 18 million hours of indexed video and audio content from more than 220 partners.