Projo Biz Blog

Providence Equity Partners, the Providence-based firm run by Brown University graduate Jonathan Nelson, is among the companies preparing bids for the Weather Channel and its Web site, according to the Wall Street Journal.

The deadline for preliminary bids is today.

Among other media companies and private equity firms interested in making offers are General Electric Co.'s NBC Universal, Time Warner Inc., CBS Corp., Comcast Corp. and Liberty Media Corp.

The Weather Channel is owned by privately-held Landmark Communications and its sale could fetch $5 billion.

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