Time Warner, NBC Leading Contenders To Buy Weather Channel
Silicon Alley Insider:
The WSJ ($) polls potential buyers for Landmark's Weather Channel assets and concludes that there are two primary contestants: Time Warner (TWX) and NBC U (GE), backed by Blackstone. The deadline for a second round of bidding is today, and the paper expects offers to top out around $4 billion; Landmark had originally been asking $5 billion. That $4 billion number has been more or less the consensus estimate of the channel + website's value since the auction began.