Posts tagged entertainment studios
Byron Allen Buys 11 TV Stations for $290 Million
CREDIT: MICHELE THOMAS PHOTOGRAPHY

CREDIT: MICHELE THOMAS PHOTOGRAPHY

Entertainment Studios CEO Byron Allen is expanding his TV station holdings with the purchase of 11 small-market network affiliates from USA Television for $290 million.

The largest of the stations is in market No. 79, Huntsville/Decatur/Florence in Alabama. The deal unveiled Tuesday with Atlanta-based USA Television brings Allen’s investments this year in small- and mid-sized market TV stations to $455 million. In July, Allen Media Broadcasting cut a deal with Bayou City Broadcasting to buy four stations in Indiana and Louisiana for $165 million.

Full Article : Variety