Deals
Weather Channel Hires Morgan Stanley, PJT to Seek Sale
Can the Weather Channel Find a Buyer for TV Business?
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The owners of the Weather Channel have hired the banks Morgan Stanley and PJT Partners Inc. to explore a sale, according to people familiar with the matter.
Preliminary discussions have taken place with technology and media companies, said the people, who asked not to be named because the talks are private. Blackstone Group LP, Bain Capital LLC and Comcast Corp.’s NBCUniversal acquired the company for about $3.5 billion in 2008.