The Weather Channel and Weather Services International (WSI) have been sold for a cool 3.5 BILLION dollars to NBC, Bain Capital and the Blackstone Group - two private equity firms. Of course, The Weather Channel is well known as a 24-hour cable network for weather, along with their website, while WSI operates Intellicast.com and also develops television graphics software for private businesses, including television stations like NECN. What does this mean for the Weather Channel? How will it interact with NBC's own weather network, WeatherPlus? This New York Times article lays out the answers to most of these questions, save for the final one.
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