Thursday, January 3, 2008

Report: Landmark Communication may sell Weather Channel, 9 newspapers

News&Record:

NORFOLK, Va. (AP) — The family that owns Norfolk, Va.,-based Landmark Communications is exploring a sale of the company's businesses, including The Weather Channel and nine daily newspapers that include the News & Record.

Frank Batten Jr., Landmark's chairman and CEO, said in a statement Thursday that the privately held company has retained JPMorgan and Lehman Brothers to help it look into possible sale scenarios.