WAN-IFRA

Shaping the Future of the Newspaper

Date

Fri - 25.05.2012


Fairfax buys controlling stake in Weather Company

Fairfax buys controlling stake in Weather Company

Fairfax Digital has acquired a three-fourths stake in The Weather Company, which the company hopes will enable it to offer more online news and weather information, The Age reported Wednesday.

The deal was made for an undisclosed amount, and the company's founder and managing director, Mark Hardy, continues to own 25 percent of the company.

“It may well be that there are additional opportunities to utilise the (The Weather Company's) material in other media,” Mark McDonnell, BBY Limited analyst, told The Age, which is also owned by Fairfax.

The Weather Company uses weather data from Australia's Bureau of Meteorology, and was created in 1998.

Fairfax Digital also owns online properties including Web sites for the Sydney Morning Herald, BusinessDay, WAToday.com.au and the Brisbane Times.

Tags

Author

Leah McBride Mensching

Date

2008-06-26 08:03

Shaping the Future of the Newspaper


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