Byron Allen acquires 11 television stations for $290 million

 

Byron Allen, founder and CEO of theGrio‘s parent company Entertainment Studios, is steadily adding on to his already impressive portfolio with his latest purchase of 11 television stations from USA Television.

The $290 million deal has the entertainment mogul acquiring the small-market network affiliates, which are spread out all over the country. Earlier this summer, Byron Allen was making major mogul moves once again by successfully purchasing Bayou City Broadcasting Evansville, Inc., and Bayou City Broadcasting Lafayette, Inc. for $165 million.

The Bayou City Broadcasting entities are now a welcomed part of Allen’s Entertainment Studios, Inc., one of the largest independent producers and distributors of film and television with 43 shows currently on the air

 
Glenn Cosby

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