Today is the deadline for a second round of bids in the Weather Channel auction and Time Warner and NBC Universal, which has partnered with Blackstone Group LP, are the leading contenders.
According to an article in today’s WSJ, it looks like there will be less competition and a lower price for the network, with bids expected to come in between $3 to $4 billion – $1 billion less than what Landmark Communications Inc., had hoped to get for its channel, the Web business and related assets.