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Time Warner, NBC Leading Contenders To Buy Weather Channel

First Posted: 05/31/08 06:12 AM ET Updated: 05/25/11 01:35 PM ET

Bewkes Zucker

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.

Read the whole story: Silicon Alley Insider

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Filed by Danny Shea  |