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Entries tagged "Weather Channel"Report: Bids for Travel Channel due TuesdayNBC Universal, IAC/InterActiveCorp, Time Warner and Scripps Networks Interactive are interested in the Travel Channel and have till Tuesday to make a bid. Landmark Communications continues divestmentsLast week's $3.5 billion sale of the Weather Channel did not mark the end of Landmark Communications Inc.'s strategic review. Television operator Bonten Media Group Inc. said on Monday it is buying Landmark's Nashville CBS affiliate, WTVF-TV. Bonten has backing from New York firm Diamond Castle Holdings LLC, which is writing the equity check. Lehman Brothers Inc. is providing debt financing.... NBC teams with Blackstone & Bain to win Weather Channel for $3.5BThe forecast is bright and sunny for Landmark Communications Inc. as announced an agreement to sell the Weather Channel for $3.5 billion to NBC Universal and private equity firms The Blackstone Group LP and Bain Capital LLC. Announced on Sunday, terms of the deal were not released but published reports have an undisclosed source revealing the purchase price. ... Weather Channel sale to be announced soon?There are reports that Landmark Communications Inc. could finally announce a sale of the Weather Channel to a group made up of NBC Universal, Blackstone Group LP and Bain Capital LLC in the next day or two, according to Reuters. Time Warner Inc. dropped out of the bidding on June 13 leaving the group the lone bidders in the auction. Bids for the Weather Channel were rumored to be around $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.Landmark is also shopping Dominion... NBC and buyout firms in lead for Weather Channel with $3.5B bidIt's turned out to be only partly sunny for Landmark Communications Inc. in the auction for the Weather Channel as final bids only reached as high as $3.5 billion, instead of the $5 billion the company had hoped for when it put the unit on the block.... Time Warner, Blackstone-NBC reportedly Weather Channel front-runnersDays after detailing the spinoff of its cable unit, Time Warner Inc. is reportedly one of two front-runners in the auction for Landmark Communications Inc.'s Weather Channel. ... CBS has its eye on the Weather ChannelCBS Corp. CEO Les Moonves acknowledges the network's interest in bidding on the Weather Channel, according to Bloomberg. While CBS' involvement in the auction is no surprise, Moonves' other comments to Bloomberg about deals while at the McGraw Hill Media Conference may shock some. ... Weather Channel auction awash in biddersOnly two months after going on the block, as expected Landmark Communications Inc. reportedly has strong interest in the auction of the Weather Channel. The Reuters Dealzone blog is reporting that NBC Universal Inc., Time Warner Inc., CBS Corp. and Comcast Corp. are likely to place bids by next week's deadline, but they may not offer the rumored $5 billion asking price. Additionally, The Deal's Auction Block lists other likely bidders as Discovery Communications Inc., Cablevision Systems Corp., Advance/Newhouse and Hearst Corp. PaidContent estimates there could be up to 20 bidders in the auction. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "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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