Whomever buys The Weather Channel will probably see nothing but blue skies.ss

According to The New York Times’ DealBook, The Walt Disney Company (NYSE: DIS), CBS Corp. (NYSE: CBS), General Electric Company (NYSE: GE)’s NBC, Time Warner Inc. (NYSE: TWX), Comcast Corp. (NASDAQ: CMCSA) and Liberty Media Inc. (NASDAQ: LINTA) are all vying to buy the Weather Channel from closely held Landmark Communication.

“Also, a handful of private fairness firms, including Bain Capital, Providence fairness Partners and Madison Dearborn have reportedly indicated an interest, though they are unlikely to be serious bidders considering of the tight credit markets,” according to the paper.

Landmark reportedly is expecting to get $5 billion for the property though bidders

tell the Times that $4 billion is a more realistic figure. I would venture that the company will get the higher figure considering properties like that don’t often come on the market.

Not only is the cable channel one of the most lucrative, its Web site is wildly popular as well. Unlike CNN, folks don’t just tune in when there is big news. Energy traders hang onto the channel’s every word when they prepare bets on the hugely volatile commodities for oil, natural gas and electricity. citizens additionally rely on the company’s forecasts to plan their lives. addition, The Weather Channel is in a good position to benefit from the public’s growing interest in global warming.

Original post by Jonathan Berr

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