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Merrill Lynch to Sell Bloomberg Stake

The bank’s reported attempt to also shed its stake in asset manager BlackRock indicates a need to boost liquidity.

Oak Hill Capital Partners Grows Local TV

Private equity firm’s television station affiliate holding company gets a new shareholder as it doubles its portfolio.

Headcount Reduction a Factor in Zell’s Asset Sales

The Tribune owner has boosted already attractive properties’ value by cutting weight and creating space at top metropolitan papers.

Landmark Continues Asset Sales

With its largest property—by far—now sold, the media conglomerate continues its breakup play, selling another of its most attractive assets.

Can Druckenmiller Pierce Steel Curtain?

The financier seeks to buy the Pittsburgh Steelers, but that depends on the controlling family’s willingness to relinquish its stake.

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Articles

Weather Channel Sold by Landmark

NBC Universal, Bain Capital and the Blackstone Group have agreed to a deal with Landmark Communications to acquire Landmark's Weather Channel.

Tribune Asset Dump Boosted by Real Estate

Industry pros anticipate that in the next round of divestitures Zell will turn his attention to company's real estate.

Landmark Aims to Empty Portfolio in 08

A bidding consortium including NBC Universal is poised to win The Weather Channel after Time Warner abandoned its bid, sources say.

Cengage Buys Houghton Mifflin's College Unit

Cengage Learning completed its $750 million deal to acquire the college division assets of Houghton Mifflin.

CKX Amends Sale

After nearly a year since the original offer, Nasdaq-listed CKX Inc. reached a new deal with 19X Inc. resulting in a management buyout valued at $12 a share. The agreement represents a discount to the previous transaction with 19X, inked last June, which had valued the company as high as $13.75 a share, or $1.3 billion, but was subject to adjustment based on the company's stock price.

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