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 Send to email | Report: NBC U (GE) Bidding $3.5 Billion For Weather Channel in GECBSVIATWX |  By Silicon
el 30-May-2008 |
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 When Landmark first put Weather Channel on the block in January, the asking price floated was $5 billion. Now the leading bidder for the cable channel and Web site, a consortium including NBC U (GE), Blackstone Group and Bain Capital, is offering $3.5 billion, roughly half of which, or $1.8 billion, is equity, according to Reuters. Blackstone's GSO Capital is also putting in $600 million.
Time Warner (TWX) is also still reportedly in the running; CBS (CBS) and Viacom (VIA) have both recently disavowed interest. Weather Channel is distributed in 96 million homes; its Web site attracts 35 million unique visitors a month.
Earlier:
Report: Time Warner, NBC U Jousting For Weather Channel
CBS, NBC U To Submit Lowball Offers For Weather Channel
Would-Be Buyers: Weather Channel Worth $4 Billion, Tops
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| Clear Channel Buyout Near Collapse-Report | | It looks like Clear Channel is the only one who wants its $19 billion buyout to close. The WSJ reports the "mood around the deal has darkened" as the prospective buyers, Thomas H. Lee Partners and and Bain Capital Partners, are unable to come to terms with its lenders, Citigroup, Morgan Stanley, Deutsche Bank, Credit Suisse, RBS and Wachovia.
The Journal's source says it all: "No one wan [..] Read complete article | | Published 25-Mar-2008 by Silicon in General
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
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| Foreca Weather | Smartphones & Cell phones | | One of the most important aspect you always have to consider when you are out to a picnic or visiting a friend is the weather. Frequently, it is the weather that cancels the baseball or cricket matches in the big stadiums and you always have to suffer by getting wet under the rain because in [...] [..] Read complete article | | Published 23-Sep-2008 by Chaos Inc. in
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Time Warner's (TWX) cable network division Turner Broadcasting is dumping third-party ad networks. So says sales chief David Levy, who tells MediaWeek that he'll replace them with his ow [..] 
