Time Warner withdraws Weather Channel Bid: Source
Posted on Fri, 13 Jun 2008 12:45:45 CDT | by Luigi Lugmayr
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NEW YORK (Reuters) - Media conglomerate Time Warner Inc withdrew its bid to buy
the Weather Channel due to price, a source familiar with the negotiations told
Reuters on Friday.
Time Warner Chief Financial Officer John Martin told investors last week the
company would be interested in pursuing a deal but would be "extremely price
disciplined and price sensitive."
The deadline for a new bid passed at noon ET on Friday.
(Reporting by Kenneth Li, editing by Phil Berlowitz)
© Copyright 2008 Reuters.
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Posted on Fri, 13 Jun 2008 12:45:45 CDT | by Luigi Lugmayr
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