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Time Warner Withdraws Weather Channel Bid

Sectors:Media

By Reuters | 13 Jun 2008 | 02:47 PM ET

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Media conglomerate Time Warner withdrew its bid to buy the Weather Channel due to price, a source familiar with the negotiations told Reuters.

Time Warner [ Loading... () ] Chief Financial Officer John Martin told investors last week the company would be interested in pursuing a deal but would be "extremely price disciplined and price sensitive."