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Byron Allen's Allen Media Broadcasting Purchases ABC Affiliate WJRT-TV For $70M

Talk about money moves! PR Newswire reports that Byron Allen’s Allen Media Broadcasting (Allen Media) has purchased ABC affiliate WJRT-TV located in Flint, MI for $70 million in cash. Once the deal is closed Allen Media, founded by Allen in 1993, will own and operate 24 local television stations in 20 markets. They will also own and operate 12 television networks which include The Weather Channel and the free-streaming service, Local Now. The close of the Gray/Meredith transaction is reportedly anticipated to take place in the third or fourth quarter of this year (2021). “We are delighted to win the process to add this wonderful local television station and its great employees to the fast-growing Allen Media Group family,” said Allen , Founder, Chairman, and CEO of Allen Media in an official press release. “Over the past year-and-a-half, we’ve invested close to $1 billion to acquire best-in-class, top-tier, broadcast network affiliates and we plan to invest approximately ten billion...

Shanique Yates

Jul 16, 2021

Byron Allen’s Media Company To Buy Seven Additional TV Stations For $380M Cash

Media mogul Byron Allen has another new deal on the table. According to Variety, Allen and his company — Allen Media Group — have agreed to a deal to buy seven TV stations from Gray Television Inc. for $380 million in cash. Following this deal, Allen will own and operate TV stations in 19 different markets in addition to his other media properties. “We are thrilled to facilitate the transfer of these fine Quincy television stations to Byron Allen and Allen Media Group, who we are confident will continue the strong commitments to journalism and localism that have distinguished these stations under Quincy’s outstanding stewardship.” The Allen Media Group will reportedly acquire KVOA in Tucson, AZ; WKOW in Madison, WI; WSIL in Paducah, KY; KWWL in Cedar Rapids, IA; WXOW in La Crosse-Eau Claire, WI; WAOW in Wausau-Rhinelander, WI; and WREX in Rockford, IL. According to Deadline, the new deal is also set to expand Allen Media’s portfolio to 23 ABC-NBC-CBS-Fox network affiliate broadcast...

Njera Perkins

May 3, 2021