Logo

Landmark Set to Sell Weather Channel, Other Assets

Jan 3, 2008  •  Post A Comment

Landmark Communications plans to put its assets, which include the Weather Channel, up for sale.
In a statement Thursday, Landmark said it has retained investment banks J.P. Morgan and Lehman Brothers to assist in exploring strategic alternatives, including the possible sale of the company’s businesses.
“At this early stage, we cannot speculate on where this process will lead,” Landmark Chairman and CEO Frank Batten Jr. said. “We will consider various options and, at the end, we will advise employees and customers of our conclusions.”
The Weather Channel is one of the few remaining independent cable channels. During the third quarter, it ranked 42nd in total viewers among all advertising-supported cable networks.
Possible buyers included NBC Universal, News Corp. and Comcast.
In addition to the Weather Channel and its Weather.com Web site, Landmark owns nine daily newspapers and more than 100 other publications. It had revenues of $1.75 billion in 2006.
Updated at 9:52
(Editor: Baumann)

9 Comments

  1. A News Corp.-owned Virginia Pilot.
    *shudders*

  2. Neat blog layout! Very easy on the eyes.. i like the colors you picked out

  3. Thanks because of this! I’ve been searching all above the web for that data.

  4. This has actually sparked up an thought in my thoughts. This can be a amazing weblog article.

  5. Remarkable page bro. This specific is just a enormously nicely structured piece of writing, just the information I was looking for. Thx

  6. What a relief to learn a article that may possibly be at last in truth significance reading! I’ve been looking for all-around in relation to this subject but men and women now put junk posts, or short empty article. I have observed a couple vids on youtube but it’s now the equal as reading a good post.

  7. Nice!! Great Ifo. Great People. Great Blog. Thank you for all the great sharing that is being done here.

  8. Great blog!! You should start many more. I love all the info provided. I will stay tuned 🙂

  9. Love all the opinions expressed here! How is everyone? Love how everyone expresses whatr they feel 🙂

Leave a Reply to Backlinks Cancel Reply

Email (will not be published)