Byron Allen Buying 11 TV Stations For $290M

[satam55]

Allen Media Broadcasting is purchasing USA Television’s portfolio of 11 network affiliates in nine markets. Bob Prather has agreed to stay on to manage the group.

Byron Allen’s Allen Media Broadcasting on Tuesday announced an agreement to acquire 11 television stations from Bob Prather’s USA Television for $290 million. Prather has agreed to stay on to manage the group.

The stations in this deal are:



The USA TV portfolio is Byron Allen’s latest acquisition. In August, he partnered with Sinclair Broadcast Group to acquire 21 regional sports networks from Walt Disney/Fox for $10.6 billion. In July, he bought Bayou City Broadcasting, which included four TV stations in Evansville, Ind., for $165 million.

In March 2018, Allen acquired The Weather Channel.

After investing $455 million in broadcast television station acquisitions over the past three months, the addition of the USA TV portfolio grows the Allen Media Broadcasting group to 15 television stations across 11 U.S. markets.

“I have known Byron Allen for decades and we are delighted that these stations will now be part of his dynamic company,” said Prather. “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.”

 

[SCJoe]

Wow, USA used to be the shyt a min ago.

 

[Hiphoplives4eva]

Boss

 

[Secure Da Bag]

He about to be a true

Boss

 

[Fade Runner 2049]

 

[Neuromancer]

He can't be stopped.

 

[smokeurobinson]

Wow, USA used to be the shyt a min ago.

Mr Robot Season 4 starts this sunday. And for that, they still the shyt in my book.

 

[humminbird]

this guy is too much.

 

[Cel 510 kid ados forever]

Only real nikka left

 

[Gold]

Im tryna get like breh. Only 290mil to go

 

[NoMoreWhiteWoman2020]

Wow, USA used to be the shyt a min ago.

I don’t think it’s USA Network. It’s local/regional tv stations that are conglomerated under that moniker. But big move nonetheless

 

[Kyle C. Barker]

Let's see how cozy he gets with Sinclair broadcasting



But maybe it's just the political boost he needs for his case in the supreme court

 

[Slaimon Khan Shah]

SOHH MUCH MONEY!

 

[GhostBreh]

 

[mr x]

Didn't realize he was part of that disney bid that won over the cube, will, snoop, magic, LL, serena etc bid.