Financial Times FT.com

Landmark considers sale of publishing arm

By Julie MacIntosh and Joshua Chaffin in New York

Published: June 11 2008 00:23 | Last updated: June 11 2008 00:23

Landmark Communications has distributed information to potential bidders on Dominion Enterprises, its portfolio of advertising websites and publications, now that its attempt to sell The Weather Channel is nearing its final stages.

The Weather Channel auction, which could fetch $3bn to $4bn, has come down to two bidders – Time Warner, and a consortium consisting of NBC Universal, Bain Capital and Blackstone, according to people close to the process. Now, privately-held Landmark is turning its focus towards the possible sale of its other media holdings.

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