Lehman Bros, the financial institution that helped Landmark Communications sell the Weather Channel to NBC Universal and a pair of private equity groups for $3.5 billion is now in the process of selling Landmark’s publishing division, Dominion Enterprises. Dominion Enterprises owns and operates more than 500 Web sites and magazines, was formerly known as Trader [...]
The potential sale of Landmark’s Dominion Enterprises has the attention of the media world, now that Landmark Communications is in exclusive talks with NBC Universal and private equity firms the Blackstone Group and Bain Capital over the acquisition of the Weather Channel. Dominion Enterprises was established in September 2006 and is responsible for over [...]
Though official NBC reps are denying these rumors, ad execs are reporting that NBC is scrambling to sell out ad time for its broadcast of the Beijing Olympics. It is estimated that NBC needs to sell anywhere from $150 million to $300 million to reach its target. The network paid about $900 million for the [...]