Disney has bought the Weather Channel for $4.3 billion, making it the largest media company to acquire a news website.
Disney also announced Tuesday that it has acquired The Weather Group, a news publishing company.
The company has offices in New York, Miami, and Washington, D.C. It operates more than 800 million subscriptions across more than 120 languages.
The Weather Company reported net income of $7.7 million, or $0.13 per share.
Disney owns more than 100 news sites and has more than 200 publications in print, digital, and social media.
It also operates television networks and owns and operates movie studios.
The company’s parent company, News Corporation, also owns ABC and Fox.
Disney acquired the Weather Group in March of 2015.
The acquisition is a major step in Disney’s strategy to expand its presence in the global advertising space.
The News Weather Group was one of the first major media companies to offer paid subscription news in the U.S. in 2016.
The weather channel is owned by the Walt Disney Company, which owns NBCUniversal.
The news website has nearly 700 million subscribers across 120 countries.
The news channel has more paid subscriptions than CNN, CBS, Fox, ABC, and Univision combined.
News Weather Group is owned and operated by News Corporation.
News Corporation said it will retain ownership of the Weather Company and will continue to serve as a key strategic partner for Disney News.
The merger will create a strategic alliance between Disney News and News Weather, News Corp said in a statement.