The family that owns Landmark Communications is exploring a sale of the company's businesses, including The Weather Channel and nine U.S. daily newspapers.
Landmark's CEO, Frank Batten Jr., said in a statement Thursday that the privately held company has retained JPMorgan and Lehman Brothers to help it explore possible sale scenarios.
"At this early stage, we cannot speculate on where this process will lead," Batten said. Batten did not say why a sale was being considered, and his secretary said he was not immediately available to comment.
The New York Times reported Thursday that The Weather Channel could fetch more than $5 billion …
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