With the announcements from the weekend concerning Merrill Lynch, Lehman Brothers, and now AIG, we are, without a doubt, in the midst of a once-in-a-generation economic maelstrom that could quickly turn into a depression-type crisis if the dominos keep falling. While the ripples (or waves or tsunami) will be felt in virtually every corner of [...]
Surprising no one since all of the other bidders had dropped out, NBC, with support from Blackstone and Bain, purchased the Weather Channel and Weather.com for just under $3.5 billion. Landmark Communications, a private equity group owned by the Batten family and owners of the Weather Channel as well as a number of daily and [...]
As I have written about previously, Landmark Communications has put its media assets up for sale. In addition to The Weather Channel, the crown jewel of the group, the private equity firm owns a bunch of small and medium-sized dailies and community newspapers, shoppers and weeklies, and the Employment Guide. Lehman Brothers, who is handling [...]