"No dollar figure has been revealed, but according to sources the purchase price was around $300 million."
"Bain Capital and NBCU bought The Weather Company from Landmark Communications in 2008 for around $3.5 billion before selling off the company’s digital assets for more than $2 billion to IBM in 2015, including the popular Weather.com wesitbe, which carries the Weather Channel name."
Anybody see a problem there? Even if you discount the sale to IBM, that still leaves over a billion dollar loss in this deal.
The channel has been a joke for so long a comedian finally bought it.