In fact, NBCU owner Comcast wrote down its investment to $86 million in an earlier quarter this year, taking off $250 million in value off its stake.
But IBM has a big interest in Weather Company products, recently signing a strategic alliance with its global B2B division WSI. In a press release, the pair described an "emergency management solution that features sophisticated analytics and the use of real-time weather data to help communities predict and plan for natural disasters far more accurately and deploy the right resources in advance."
It's part of a bigger effort by IBM around working with local governments in the cloud computing arena. Sophisticated weather analysis would be a strong addition to other offerings such as a law enforcement cloud database that IBM is building.
Spokespeople for the Weather Company and IBM declined to comment.
—By Kara Swisher, Re/code.net.
CNBC's parent NBCUniversal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.