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| Company type | Private |
|---|---|
| Industry | Information technology Weather forecasting |
| Founded | July 18, 1980; 45 years ago (1980-07-18)(as The Weather Channel) October 21, 2012; 13 years ago (2012-10-21) (as the Weather Company) |
| Headquarters | 1001 Summit Blvd NE, Brookhaven,, U.S.[1] |
Key people |
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| Owner | Francisco Partners (2024–present) |
| Parent | Landmark Communications (1980–2008) NBCUniversal,Bain Capital,The Blackstone Group (2008–2016)
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| Subsidiaries | Weather Underground WSI Corporation |
| Website | www |
The Weather Company LLC is aweather forecasting andinformation technology company that owns and operates weather.com (the website forthe Weather Channel), andWeather Underground. From 2016 to 2023, the Weather Company was a subsidiary of theWatson &Cloud Platform business unit ofIBM.[2] In February 2024, theprivate equity firmFrancisco Partners completed the acquisition of the Weather Company, which operates as a standalone company.[3]
The Weather Company started asthe 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 aconsortium made up ofthe Blackstone Group,Bain Capital, andNBCUniversal. That consortium sold the Weather Company's product and technology assets to IBM on January 29, 2016, but retained possession of the Weather Channelcable network until March 2018, when it was sold toEntertainment Studios.[2] 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 firmFrancisco 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] The cost was disclosed as $1.1 billion, with $750 million in cash, $100 million deferred over seven years, and $250 million in contingent consideration.[9]
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