Yes they made money from the sale of the weather channel that’s not the point, IBM is in the technology business the spent on the weather channel could have been spent on their core business to make make better computers, offer more services, etc. versus buying a cable channel that has nothing to do with their core business and that’s one of the reasons IBM is basically a forgotten company from one that was the dominant company in the business
IBM didn’t purchaase the cable channel, that went to another company called Entertainment Studios, owned by Allen Media Group LLC.
IBM’s press releases about their purchase of The Weather Company made it pretty clear that they did not purchase the cable channel.
“Yes they made money from the sale of the weather channel that’s not the point, IBM is in the technology business the spent on the weather channel could have been spent on their core busines”
Technology was the reason for the weathner channel - mountains of weather data collected and owned by IBM, ported onto the weather channel and sold to others. Getting managing monster amounts of data held for sale IS a technology business - just not “computers” the way the average Joe sees it.
They do make computers, the expensive kind that store and manage mountains of data and applications, like in “cloud services” - one of the best growing “computer technology” business areas.
IBM continues to give a good return to stockholders, whether or not retail consumers see what IBM is doing.