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GLG News by Chief Financial Officers in the Commercial Cable & Satellite Industry

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July 9, 2008
The Weather Channel Auction Demonstrates Restraint by Potential Bidders
Analysis of: NBC, Blackstone and Bain buy Weather Channel | www.ft.com
Author: GLG Expert Contributor
The Weather Channel sale by privately held Landmark Communications to NBCU and private equity affiliates of Blackstone Group and Bain Capital for a reported $3.5 billion demonstrates that potential bidders such as CBS (recent buyer of CNET for $1.8b), Viacom, Liberty, and TW are being extremely careful...

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