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So who will drop $5 Billion to tell people the weather?

Published: Thursday, January 03, 2008

-RAY

Putting all the rumors to rest Landmark Communications Inc. owner of the Weather Channel and some boring newspapers confirmed earlier today that it is putting itself on the block for a reported $5 billion. But who will step up and drop the green? We definitely don't see a major media company making a play for this. We are more leaning towards a private investment group.

"At this early stage, we cannot speculate on where this process will lead," Landmark Chief Executive Frank Batten Jr. said in a statement, confirming earlier media reports of a possible sale.

Is $5 billion too high though?

Landmark confirms may sell Weather Channel, assets [Reuters]


Labels: BigMedia, LANDMARK_COMMUNICATIONS, ON_THE_BLOCK, WEATHER_CHANNEL

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