The Weather Channel May Go Up for Sale

Sep 15, 2014  •  Post A Comment

The private equity firms that own The Weather Channel may be looking to sell the network, reports Bloomberg.

The owners have talked with investment banks JPMorgan Chase & Co. and Goldman Sachs Group about a possible sale, the story notes, although the network hasn’t yet started a formal process or hired a bank. Its owners are Blackstone Group LP, Bain Capital and Comcast Corp.’s NBCUniversal.

“The private-equity firms are interested in exploring the idea of selling all or part of the company, according to two people familiar with the matter. They also may decide to hold their ownership stakes rather than sell, the people said,” Bloomberg reports.

The network could be sold separately from its weather data, which could also be bought as a stand-alone business. Together, the units have a value of at least $3.5 billion, the story adds.

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  1. The Weather Channel goes more off purpose all the time.

    The new morning show is more like GMA, TODAY or CBS THIS MORNING for one example. If I want all the news and features, I know where to get them. I want the freek’in WEATHER when I go to the Weather Channel!

    Sam’s an OK guy I guess, but should have stayed in NYC with GMA.
    Peter Bright

  2. lesson learned for sam champion and josh elliot. alone you’re nobody!!!! both of you may be handsome but millions arent gonna flock GMA just for you. weather channel is only useful during hurricanes, never any other time.

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