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The Weather Channel's Value Drops Dramatically

Back when The Weather Channel actually did weather, the network was valued at $335 million. 

As of June 30, Comcast, TWC's owner says that their valued its stake in the Weather Channel at only $86 million

It seems The Weather Channel’s distribution woes are dropping the value quickly. 

The Weather Channel–which was acquired by Comcast’s NBCUniversal, Blackstone group  and Bain Capital LLC in 2008–faces a major threat to its business as pay-TV distributors push back on the fees paid to carry the channel. The network has been under intense pressure since it was dropped in March by Verizon FiOS TV service, which cited consumers’ growing use of online sources and apps to look up weather information.

Over the last four years, the Weather Channel has lost 11.2% of its subscriber base, according to Nielsen data. It now reaches 89.7 million households of the roughly 100 million homes in the U.S. that subscribe to pay TV.

Maybe they are losing viewers because of stuff like this?

H/T WSJ