Byron Allen purchases 11 television stations for $290 million

[Memorial Stadium Piru]

Byron Allen Acquires 11 Television Stations for $290 Million - Black Enterprise

A Supreme Court battle won’t stop business titan Byron Allen from conquering new heights! Allen’s company Entertainment Studios has purchased 11 television stations for $290 million in a new acquisition. His Allen Media Broadcasting division is acquiring the broadcast television stations from USA Television Holdings L.L.C. and USA Television MidAmerica Holdings L.L.C., which includes network affiliations like ABC, CBS, NBC, and FOX.

“Bob Prather is an excellent broadcaster and he has done a brilliant job of assembling a stellar management team to operate these very strong network affiliate broadcast stations,” said Allen, the founder, chairman, and CEO of Entertainment Studios, in a press release. “This is another milestone for our company, as we have now agreed to purchase our second broadcast network affiliate station group within the past three months, and continue to aggressively look for other opportunities to grow our global media company through strategic acquisitions.”

“I have known Byron Allen for decades and we are delighted that these stations will now be part of his dynamic company, and that Heartland management will continue to guide them,” said USA Television CEO Robert S. Prather, Jr., in the statement. “These stations are dedicated to their local communities and this transaction will enable them to become even stronger on both their broadcast and digital platforms.”

Last year, Allen’s Entertainment Studios purchased The Weather Channel for $300 million. In July 2019, the black media mogul acquired four local TV stations from Bayou City Broadcasting, located in Evansville, IN, and Lafayette, LA. Plus, in May, he partnered with Sinclair Broadcast Group to acquire 21 Regional Sports Networks (RSNs) from Walt Disney/FOX Corp.

Almost a year ago, the comedian-turned-successful businessman filed a $20 billion lawsuit against Comcast in addition to a $10 billion suit against Charter Communications. Now, the case has made its way to the highest court in the land. The Supreme Court is scheduled to hear the case on Nov. 13. Allen is claiming that the two media conglomerates refused to carry his cable TV channels based on racial bias. He has been going back and forth with Comcast in court to prove that its insistence not to carry his channels is based on the fact he is black.


Allen has gained support in his ongoing court battle against Comcast from the rapper and activist Michael “Killer Mike” Render and The National Association for the Advancement of Colored People (NAACP). Both the outspoken hip-hop activist and civil rights group are urging black people to stand with him in his lawsuit.

Inspirational.

 

[At30wecashout]

In the "richest in America " list, watch his name in 10 years or so. It will explode assuming he doesnt get blackballed.

 

[Amerikan Melanin]

He needs to have some channels that buy content from creators.

 

[mag357]

Man.... can someone please tell me how this nikka made all this damn money...
I cant, for the life of me... figure this shyt out

 

[MMA]

Man.... can someone please tell me how this nikka made all this damn money...
I cant, for the life of me... figure this shyt out

Ownership, scaling and patience; Look up Entertainment Studios

He started this company in the 90's..

 

[10bandz]

Man.... can someone please tell me how this nikka made all this damn money...
I cant, for the life of me... figure this shyt out

He used a model no one else really used and exploited it.....he gave free content to stations for middle of the night time slots in exchange for being able to have half of the commercial time to himself.....and he'd sell ads and collect the $$$$

 

[richaveli83]

 

[Tribal Outkast]

Ownership, scaling and patience; Look up Entertainment Studios

He started this company in the 90's..

One of the greatest come ups of all time my man got that Sunday afternoon block on lock! You’ve probably watched or flipped past one of his shows and didn’t even know it. I got nothing but respect for this man

 

[Dafunkdoc_Unlimited]

True Hustler for REAL since the 80's!!!​

 

[UpThruDere]

Unless he’s going to use these stations to push propaganda in our favor like they push it in their favor against us it’s useless.

 

[ni66a_loss_cage]

He needs to have some channels that buy content from creators.

He need to get a black wife. He loves white women

 

[ATownD19]

He has a white wife

 

[calixprynce]

Im gettin thicc and thied of ya broken promithes promithes
look at ya pager seein different numbeth and numbeth

 

[2stainz]

:damnb:

 

[At30wecashout]

Im gettin thicc and thied of ya broken promithes promithes
look at ya pager seein different numbeth and numbeth

Im upset I knew by "Broken" what you were doing.