TITLE

Two Fronts in Weather Forecast

AUTHOR(S)
Farrell, Mike
PUB. DATE
May 2008
SOURCE
Multichannel News;5/26/2008, Vol. 29 Issue 21, p34
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the auction for the Weather Channel between Time Warner Inc. and NBS Universal which emerged as the leading bidders. The expected bid offers is between $3.5 billion and $4 billion. Time Warner gain $9.25 billion from the spinoff of its Time Warner Cable unite, while NBC Universal has paired up the Blackstone Group in its bid. The auction started in January with owner Landmark Communications asked for $5 billion for the network and its web site.
ACCESSION #
33012079

 

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