NBC Brings Weather Channel Under Its Umbrella- Heffee

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NBC Brings Weather Channel Under Its Umbrella

Abstract

Landmark Communications of Norfolk, Va., has agreed to sell The Weather Channel Cos. to a consortium of NBC Universal and two private equity firms, the companies announced Sunday. Neither Landmark nor NBC disclosed the price. However, people close to the negotiations said NBC and its partners, Bain Capital and The Blackstone Group, offered about $3.5 billion.

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Site: E Commerce Times
Feed: Internet News (

)
Url: http://www.ecommercetimes.com/...
Views: 3
Added On: 2008-07-07 16:20:56

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