Local Implications in NBC-U’s Purchase of The Weather Channel

NBC-U,along with Bain Capital and the Blackstone Group, have agreed to acquire The Weather Channel from Landmark Communications for a figure reported to be $3.5 billion. The deal is the first of several sell-offs for Landmark, which also hopes to sell Dominion Enterprises, a classifieds giant, and The Virginian Pilot newspaper.  Landmark had apparently been hoping to get $6 billion for The Weather Channel, which … Read more