Atlanta - The Weather Channel, a producer of weather-related content, has formed a new ventures group that will seek acquisitions and new business opportunities for The Weather Channel Interactive (TWCi).

In addition to weather.com, TWCi currently operates two other weather-related websites -- forGetaway.com, a vacation home rental site, and OneDegree, a site dedicated to the discussion of climate change.

TWCi will be targeting profitable or nearly profitable companies with revenue of $1- $50 million.

Steve Hassett, formerly CEO of iTendant, has been hired to lead the new ventures group.

Related Links:

http://www.weather.com