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TWA TO SELL THE TRAVEL CHANNEL TO LANDMARK COMMUNICATIONS

 TWA TO SELL THE TRAVEL CHANNEL TO LANDMARK COMMUNICATIONS
 MT. KISCO, N.Y., Jan. 13 /PRNewswire/ -- Trans World Airlines, Inc. (TWA) today announced that it had agreed to sell substantially all the assets and business of its 97 percent owned subsidiary The Travel Channel, Inc. to a wholly owned subsidiary of Landmark Communications, Inc., the owner of The Weather Channel for $50 million. The transaction is subject to the satisfaction of certain closing conditions, including compliance with the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and is expected to close during February 1992.
 -0- 1/13/92
 /CONTACT: Don Fleming of TWA, 914-242-3760/ CO: Trans World Airlines, Inc.; Landmark Communications, Inc. ST: New York, Virginia IN: ENT SU:


JT-SB -- NY072 -- 9243 01/13/92 16:55 EST
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Publication:PR Newswire
Date:Jan 13, 1992
Words:126
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