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Entries tagged "The Weather Channel"Bidders to ante up $800M for Travel ChannelAuction front-runners News Corp. and Scripps Networks reportedly made offers of about $800 million for a 65% stake in the Travel Channel. NBC's Zucker maps out integration of the Weather ChannelNBC Universal Inc. will use the Weather Channel to diversify and strengthen its digital media portfolio, NBC Universal CEO Jeff Zucker said Monday morning on CNBC's Squawk Box. NBC Universal Inc., Blackstone Group LP and Bain Capital LLC purchased the Weather Channel from Landmark Communications Inc. for $3.5 billion. ... Rattner on the Weather Channel dealIf you missed CNBC's Squawk Box Monday morning, then you missed Steven Rattner, a managing principal of Quadrangle Group, offering his insight on the Weather Channel deal and the general state of private equity dealmaking. ... Breaking: Time Warner withdraws Weather Channel bidTime Warner Inc. is withdrawing its bid to buy Landmark Communications Inc.'s Weather Channel due to price, reports Reuters. That would leave a group made up of NBC Universal Inc., Blackstone Group LP and Bain Capital LLC as the lone bidders, according to rumors. CBS Corp. fell out of the auction after acquiring Cnet Networks Inc. for $1.8 billion. Bids for the Weather Channel were rumored to be $3.5 billion, instead of the $5 billion Landmark Communications was asking. Landmark, which is privately owned by Frank Batten Jr., also owns newspapers and television stations. -- Maria WoehrWeather Channel auction enters latest... Landmark puts Dominion on the blockAs Landmark Communications Inc. nears a sale of its prize possession, the Weather Channel, the family-owned company is now pushing ahead with the sale of Dominion Enterprises, an advertising Web site and publication business formed in 2006, and could apparently sell for $1.4 billion. ... Weather Channel in direct talks with biddersApparently the formal bidding for Weather Channel is over, and parent Landmark Communications Inc. has entered direct talks with Time Warner Inc. and a group made up of NBC Universal, Blackstone Group LP and Bain Capital to sell the cable network, Reuters is reporting. The decision is supposed to be made "in days," according to the article. ... Weather Channel auction enters latest roundThe latest round of bids for the Weather Channel are due Friday. In earlier rounds, bids only reached $3.5 billion, instead of the $5 billion the parent company, Landmark Communications Inc., was asking. ... Joyce: Who is bidding for Weather Channel?So the latest round of bidding for Landmark Communications Inc.'s Weather Channel is supposed to close Thursday. Strategic bidders reportedly include NBC Universal, CBS Corp., the Walt Disney Co., Time Warner Inc., the Comcast Corp. and Liberty Media Corp. David Joyce, analyst for Miller Tabak + Co. LLC, shared his thoughts with Dealscape about the auction. ... Roll Call: NBCU and CBS submit bids for Weather ChannelNBC Universal and CBS Corp. are both expected to submit bids to acquire cable network Weather Channel in mid-May, and the deal could be around $5 billion, reports Reuters and paidContent. - Maria Woehr ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "The Weather Channel." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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