Free Newsletter Subscription
        MCN All Access

Weather Channel Deal Closes

Landmark Places Newspapers, TV Stations in New Unit

By Mike Farrell -- Multichannel News, 9/12/2008 9:02:00 AM

Landmark Communications said Friday that it has completed the sale of The Weather Channel properties to a group headed by NBC Universal.

In July, a group including NBCU, Bain Capital and The Blackstone Group emerged as the winner in the seven-month bidding process for the cable channel, its Web site and related assets.

Although terms were not disclosed, the price was said to be about $3.5 billion.

Landmark put The Weather Channel up for sale along with its newspapers and television stations in January. As part of Friday’s announcement, Landmark said it had created a new entity—called Landmark Media Enterprises—to house its television stations and newspapers.

Talkback
Related Content

No related content found.

More >>>

Newbay Business Information Resource Center

Featured Company


Most Recent Resources

Advertisement
More Content
  • Voices
  • Photos
  • Podcasts

Jon Lafayette

Counter Programming

Jon Lafayette
February 15, 2010
Difficult Tales Told By Reporter on HBO
The film Reporter documents several tragedies at once. The first is a story of...
More

Scott Greczkowski

The Satellite Dish

Scott Greczkowski
February 15, 2010
RFD-TV Gets a Stay
As we reported in Fridays edition of “The Satellite Dish” it looked...
More

Satellite Entourage

FREEZE FRAME

Parties, conferences and events for the week of Feb. 8.
DESIGN BY NIGHT

FREEZE FRAME

Parties, conferences and events for the week of Feb. 1.
KEYSTONE HUNT

FREEZE FRAME

Parties, conferences and events for the week of Dec. 14.



Advertisement
About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   Subscription   |   Affiliate Links   |   RSS
© 2011 NewBay Media, LLC. 28 East 28th Street, 12th floor, New York, NY 10016 T (212) 378-0400 F (212) 378-0470
Use of this website is subject to its Terms of Use | Privacy Policy