The Weather Company Explained

The Weather Company LLC
Type:Private
Industry:Information technology
Weather forecasting
Founded:

Hq Location:1001 Summit Blvd NE, Brookhaven
Hq Location City:Atlanta, Georgia
Hq Location Country:U.S.[1]
Subsid:Weather Underground
WSI Corporation
Owner:Francisco Partners (2024–present)
Parent:Landmark Communications (1980–2008)
NBCUniversal, Bain Capital, The Blackstone Group (2008–2016)

The Weather Company LLC is a weather forecasting and information technology company that owns and operates weather.com (the website for The Weather Channel), and Weather Underground. From 2016 to 2023, The Weather Company was a subsidiary of the Watson & Cloud Platform business unit of IBM.[2] In February 2024, Francisco Partners completed the acquisition of The Weather Company, which operates as a standalone company.[3]

History and operations

The Weather Company started as the Weather Channel in 1980, and launched two years later. In 2012, the company created a broader holding company and replaced the word "Channel" with "Company" to better reflect their growing lineup of digital products.[4]

The Weather Company was previously owned by a consortium made up of the Blackstone Group, Bain Capital, and NBCUniversal. That consortium sold the Weather Company's product and technology assets to IBM on January 29, 2016, but retained possession of The Weather Channel cable network until March 2018, when it was sold to Entertainment Studios. As part of the 2016 spin-off, the consortium entered into a long-term licensing agreement with IBM for use of its weather data and "The Weather Channel" name and branding.[5] [6] [7] In August 2023, IBM agreed to sell The Weather Company to private equity firm Francisco Partners for an undisclosed sum.[8]

In February 2024, Francisco Partners completed the acquisition of The Weather Company, which operates as a standalone company.[3]

See also

Notes and References

  1. Web site: The Weather Channel in Atlanta, GA. YP.com.
  2. News: Press release . 29 January 2016 . IBM Closes Deal to Acquire The Weather Company's Product and Technology Businesses. 22 July 2016. dead. https://web.archive.org/web/20180707230827/http://www.theweathercompany.com/newsroom/2016/01/29/ibm-closes-deal-acquire-weather-company-s-product-and-technology-businesses. July 7, 2018. The Weather Company.
  3. Web site: Francisco Partners Completes Acquisition of The Weather Company. Francisco Partners. Francisco Partners. Francisco Partners. February 1, 2024. February 15, 2024.
  4. News: Weather Channel's Parent Company Is Renamed. Stelter. Brian. 2012-10-21. The New York Times. 2017-08-17. limited. en-US. 0362-4331.
  5. News: Hardy, Quentin . 28 October 2015 . IBM to Acquire the Weather Company. 22 July 2016 . The New York Times. limited.
  6. News: Cao, Jing . 28 October 2015 . IBM Agrees to Acquire Weather Channel's Digital Assets. 22 July 2016. Bloomberg News. limited.
  7. News: Littleton, Cynthia . 28 October 2015 . Storms Are In, Reality Shows Out as Weather Channel Gets Back to Basics. 22 July 2016. Variety.
  8. Web site: IBM selling The Weather Channel and the rest of its weather business. CNBC. Field. Hayden. August 22, 2023. August 22, 2023.