Whomever buys The Weather Channel will probably see nothing but blue skies.ss
"Also, a handful of private equity firms, including Bain Capital, Providence Equity Partners and Madison Dearborn have reportedly indicated an interest, though they are unlikely to be serious bidders because 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 because properties like this 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, people don't just tune in when there is big news. Energy traders hang onto the channel's every word when they make bets on the hugely volatile commodities for oil, natural gas and electricity. People also rely on the company's forecasts to plan their lives. Moreover, The Weather Channel is in a good position to benefit from the public's growing interest in global warming.
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Reader Comments (Page 1 of 1)
3-06-2008 @ 11:05PM
John Huckleberry said...
I hope Time Warner, Disney or NBC Universal buys the Weather Channel. They would have the best over all abilities to make the change over work for the Weather Channels customers.