Time Warner, NBC Universal and CBS interseted in buying The Weather Channel

Time Warner, General Electric's NBC Universal and CBS are the major parties interested in aquiring the Landmark Communications The Weather Channel. Richard Barry, Landmark's vice chairman had said that they have received bids from these parties and the decision would be made very soon. Its learnt that Landmark is expecting about $4 billion for the cable network, but the industrial sources belive that the price is too high and can expect Landmark to come down from this price considerably.