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CEO Byron Allen Acquires Honolulu ABC Network Affiliate TV Station For $30M

Byron Allen continues to make boss moves in the media industry with his acquisition of a new ABC affiliate television station, KITV. According to a press release , the Allen Media Group — a division of Allen Media Broadcasting — has announced that it’s signed a purchase agreement for their possession of KITV-ABC 4 from SJL Broadcasting for $30 million. Broadcast television station KITV operates multiple satellite stations and translators which allow rebroadcast programming outside of metropolitan Honolulu. SJL Broadcasting is owned and operated by the Lilly Brothers — Kevin Lilly and Brian Lilly — and is a privately-owned American broadcasting company. “SJL is proud of the commitment of our KITV family to serve the Hawaiian community. Allen Media Group recognizes the investment in news and will build on our success,” CEO Brian Lilly said . In a written statement from Allen, the founder, chairman, and CEO of Allen Media Group, he stated: “Over the past year we’ve invested over $500...

Shanique Yates

Aug 21, 2020