Weather Channel Acquires Weather Underground
The company will purchase its competitor in a deal expected to go through in the coming weeks.
The Weather Channel Companies is acquiring rival Weather Underground, the New York Times reports.
The Weather Channel's Weather.com, is the most-visited weather website in the U.S, yet Weather Underground, aka Wunderground.com, remains a cult competitor with a devoted readership and 10 million unique visitors per month; the sites underneath the Weather Channel umbrella, including Weather.com, attract some 50 million monthly visitors.
David Kenny, chairman and CEO of the Weather Channel Companies, said in an interview with the Times that he admires Weather Underground's "hard-core audience," some of whom view Weather Channel as too advertising-dependent.
No details on the price of purchase were given. The deal, expected to be finished in the coming weeks, was announced Monday. Weather Channel is owned by Bain Capital, the Blackstone Group and Comcast.
The indie vibe of Weather Underground, meanwhile, is expected to remain intact: according to Kenny, the site would be its own entity while offering use of its data for Weather Channel forecasts.
"Weather Underground users can expect to see more of the same," said Weather Underground president Alan Steremberg. "But we'll have a lot more resources to do fun things."
- John Oliver on the Luxurious 'Freedom' of HBO, His Complicated Relationship With NYC
- The Hollywood Reporter's 35 Most Powerful People in New York Media 2014
- Cannes Preview: The Hot Movies in the Running to Hit the Croisette
- CBS' $67 Million Man: Does Leslie Moonves' Moolah Make Sense?
- 'Mrs. Doubtfire' Sequel in the Works at Fox 2000 (Exclusive)
- MOST SHARED
- MOST POPULAR
- Aerosmith's 'Dream On' Performed To Honor Boston Marathon Victims And Survivors (VIDEO)
- Bryan Singer Accused Of Sexually Assaulting Underage Boy
- Masters Of Sex, Girls & "Boogie Train": Conversations with Michael Penn and Foghat's Roger Earl
- The Americans 'New Car' Recap: "I'm a Good Person, I Swear!"