Why would Landmark Communications sell now?
Mark Fitzgerald and Jennifer Saba of Editor & Publisher analyze the possible sale of Landmark Communications, owners of the Weather Channel and multiple newspapers.
The report questions why company officials would pick now to sell Landmark, considering the newspaper industry is getting slammed by a downturn in advertising and fleeing print readers.
Landmark's announcement took many by surprise, according to the story.
"I'm a broker and I had absolutely no clue anything was up," Larry Grimes president of W.B. Grimes said. "I just don't get this. They're going to make so much money from the sale of the Weather Channel it makes one wonder. If the papers are performing poorly some would suggest we're within 12 months of performing a lot better. Why now? It's kind of a curious turn of events."
To read the full story click here.
The report questions why company officials would pick now to sell Landmark, considering the newspaper industry is getting slammed by a downturn in advertising and fleeing print readers.
Landmark's announcement took many by surprise, according to the story.
"I'm a broker and I had absolutely no clue anything was up," Larry Grimes president of W.B. Grimes said. "I just don't get this. They're going to make so much money from the sale of the Weather Channel it makes one wonder. If the papers are performing poorly some would suggest we're within 12 months of performing a lot better. Why now? It's kind of a curious turn of events."
To read the full story click here.
posted by Kelly at
1/04/2008 07:38:00 AM
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