Chain Said to Seek Bids for Weather Channel
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The Weather Channel, one of the last privately owned cable channels, is being put up for sale and could fetch $5 billion.
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Media company Landmark Communications said on Thursday it was exploring the sale of its publishing and television businesses including cable network The Weather Channel.
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The upcoming 700MHz spectrum auctions by the U.S. Federal Communications Commission (FCC)&#160;have drawn bid applications from giant companies including Google and AT&amp;T. But a number of small companies and individuals have submitted bid applications as well.Late Tuesday, the FCC announced that it had accepted bids from 96 applicants and has another 170 applications that are incomplete for the auction of highly coveted spectrum that can be used for voice or wireless broadband service.Some of those applicants may not complete their applications. In the FCC&#39;s advanced wireless services auction in 2006, 252 organizations submitted applications, and there were 168 qualified bidders.It&#39;s typical that several initial applicants will bow out before they have to submit deposit payments, said analyst Jack Gold of J. Gold Associates. &quot;When it comes to putting down earnest money, many [applicants] back away or can&#39;t get the money,&quot; he said.Applicants have until Jan. 4 to pay their deposits or resubmit their applications for the auction, which begins Jan. 24.The FCC designed the auction in an effort to attract small bidders. Up for sale is 62MHz of spectrum in the 700MHz band, now occupied by U.S. television stations. In late 2005, Congress passed legislation requiring U.S. TV stations to move to all-digital broadcasts and abandon analog spectrum between channels 52 and 69. The deadline for TV stations to end broadcasts in the 700MHz band is February 2009.The spectrum is broken up into five blocks, with three of the five blocks divided into small geographic areas. A 12MHz block of spectrum called the A block is divided up into 176 small geographic areas, called economic areas, as is the 6MHz E block. The 12MHz B block is broken up into 734 local areas called cellular market areas. Bidders can win multiple regional or local licenses.But the chances of small companies winning significant amounts of spectrum is &quot;pretty slim,&quot; Gold said. &quot;Any areas with significant population densities will bring in the big boys, who seek revenues from a mass market,&quot; he said. &quot;I suppose some smallish rural areas may be of less interest to AT&amp;T [or] Verizon, but these guys want true countrywide networks, so they will likely bid there anyway.&quot;Several unfamiliar names are among the prospective bidders who submitted incomplete applications:-- Office of Spectral Ecology, listed as an unincorporated association, with one board member, based in Montreal.-- Dragon Arch, listed as a corporation based in New York City.-- FaithFone Wireless, a Phoenix wireless carrier launched in September 2006. FaithFone is a self-described &quot;purpose-driven Christian mobile phone company, offering a cell phone service combining faith and family content.&quot; FaithFone&#39;s wireless service offers daily devotionals, Bible passages and a prayer of the day through text messaging.-- The Navajo Department of Information Technology.-- Part-15.org, a nonprofit organization for users of unlicensed wireless spectrum.Smaller companies with annual revenue of less than $15 million that have submitted complete applications include:-- Grain Spectrum, based in Sarasota, Florida, a minority-owned company focused on building wireless networks for government users.-- GreenFly, a mobile services provider founded in 2006 and based in Scottsbluff, Nebraska.-- Xpressweb Internet Services, an Internet service provider based in Kanab, Utah.The auction, expected to raise more than $10 billion, is likely to last several weeks. Many spectrum experts call the 700MHz band &quot;beachfront&quot; property because it can carry wireless broadband signals three to four times farther than some other spectrum bands.Since early December, applicants have been in an FCC-mandated quiet period. The FCC spectrum auction rules prohibit collusion on bidding plans.
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The upcoming 700MHz spectrum auctions by the U.S. Federal Communications Commission (FCC)&#160;have drawn bid applications from giant companies including Google and AT&amp;T. But a number of small companies and individuals have submitted bid applications as well.
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More than 200 companies qualified to bid in the upcoming auction of public airwaves that could raise as much as $15 billion for the U.S. Treasury. But it's not clear whether any of those companies will fulfill one of the key goals of the auction -- to attract a bidder that would build a wireless...
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Search Marketing firm SENDTEC has launched a cable television campaign which is airing search marketing commericals on CNBC. They are one of the only SEM firms which seem to be advertising on television.     Hattip SERoundtable
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By Richard Craver, Winston-Salem Journal, N.C.  Dec. 12--Mast General Store, one of the most popular tourist destinations  in Northwest North Carolina, is considering downtown Winston-Salem for a  retail store, its owners said yesterday.
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The clothing retailer's profits take a hit on weather woes and bigger-than-expected markdowns
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Reckson Associates Realty Corp.  has asked potential suitor, a partnership of Carl Icahn and Macklowe Associates, to pick up the pace in making a definitive bid for the New York office building owner.
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The search giant said it was interested in a share of wireless spectrum being auctioned off by the federal government â if certain conditions are met.
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Brookfield Asset Management Inc. and the founders of Australia's Multiplex  have approached the $3 billion construction firm about a possible takeover as it struggles with the troubled Wembley stadium project in London.
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Several cable industry pioneers may  bid for parts of bankrupt cable operator Adelphia  Communications Corp. ADELQ.PK, joining a list of competitors  that could include Time Warner Inc. TWX.N and Comcast Corp.   CMCSA.O, sources close to the situation said on Friday.
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The search giant said it could bid up to $4.6 billion for a share of wireless spectrum being auctioned off by the federal government â if certain conditions are met.
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WASHINGTON (CBS.MW) -- MCI reportedly is looking for a buyer and has hired a trio of law firms to help the company explore its options.
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I was wondering, did the Mountain West Conference do any research before they made The mtn. channel deal?  Why would anyone in their right mind make a deal with CSTV/The mtn.
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By Rob O'Dell, The Arizona Daily Star, Tucson  Dec. 14--Eastbourne Investments Ltd. and the City Council had tense back-and-forth negotiations this summer on whether the developer would bring a big-box store to the South Side.
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Private equity fund Sun Capital  Partners is considering a renewed bid to take over clothing  brand company Kellwood Co.  with a hostile conditional  tender offer, The New York Post reported on Thursday.