Allen Media Group of Byron Allen Completes $ 70 Million Cash Acquisition of Flint-Saginaw ABC WJRT-TV Subsidiary of Gray

Allen Media Broadcasting now owns and operates 32 television stations in 20 US markets

LOS ANGELES, Sept. 24, 2021 / PRNewswire / – by Byron Allen Allen Media Group, LLC (AMG) division Allen Media Broadcasting is proud to announce that he has completed his $ 70 million cash acquisition of a television station WJRT-TV, the ABC affiliate for the FlintSaginaw, Michigan, TV market. With the closing of this cash purchase of Gray television, Allen Media Broadcasting now owns and operates 32 television stations broadcast in 20 US markets. AMG also owns 12 television networks including The weather channel and free streaming services Local now and leGrio. AMG was founded by Byron allen in 1993.

(PRNewsfoto / Entertainment Studios, Inc.)

At April 29, 2021, AMG announced the acquisition of 10 local network affiliated television stations for $ 380 million liquidity on seven markets sold from the Gray television transaction with Quincy Media. AMG officially closed its cash purchase of these ten stations on August 2, 2021.

“We are delighted and very grateful to Gray for working with us to add this wonderful local TV station, WJRT-TV, and its excellent employees, to our growing family at Allen Media Group,” said Byron Allen, Founder, President and CEO of Allen Media Group. “Over the past two years, we have invested more than $ 1 billion to acquire the best-in-class affiliate broadcast networks and we plan to invest around ten billion dollars to acquire more ABC, CBS, NBC and FOX TV channels with the goal of being the largest broadcast TV group in America. All of our media assets will work together to amplify our free streaming services, Local Now and theGrio. “

About Allen Media Group / Entertainment Studios
President and CEO Byron Allen based Allen Media Group / Entertainment Studios in 1993. Based in Los Angeles, she has offices in new York, Chicago, Atlanta, and Raleigh. Allen Media Group owns 32 ABC-NBC-CBS-FOX affiliate television channels in 20 U.S. markets and twelve 24-hour HD television networks serving nearly 180 million subscribers: THE WEATHER CHAIN, ANIMALS.TV, COMEDIE.TV, RECIPE.TV, CARS.TV, ES.TV, MYDESTINATION.TV, JUSTICE CENTRAL.TV, THEGRIO.TV, THIS TV, LOCAL TV NOW, and PATTERN. Allen Media Group will add its thirteenth network, THE WEATHER CHANNEL IN SPANISH in 2022. Allen Media Group also owns LOCAL NOW and THE GRIO freeAVOD streaming services, powered by THE WEATHER CHANNEL and content partners, who provide real-time, hyper-local information on weather, traffic, sports and lifestyle. Allen Media Group also produces, distributes and sells advertising for 68 television shows, making it one of the largest independent producers / distributors of first-run syndicated television shows for television stations. Allen Media Group International Television continues to expand its brand image and content worldwide. He currently has active license agreements and programming in South Africa, The United Arab Emirates, Australia, The Bahamas, Canada and New Zealand. With a library of over 5,000 hours of content across multiple genres, Allen Media Group delivers video content to television stations, cable television networks, mobile devices, multimedia platforms and the World Wide Web. Our mission is to deliver great programming to our viewers, online users and Fortune 500 advertising partners.

Entertainment Studios Movies is a full-service motion picture distribution company specializing in mass market commercial content. ESMP released the highest-grossing independent film of 2017, the shark thriller 47 METERS DOWN, which brought in more than $ 44.3 million. In 2018, ESMP also released the critically acclaimed and commercially successful Western. HOSTILES, the historical mystery thriller CHAPPAQUIDDICK and the rest of 47 METERS DOWN, 47 METERS DOWN: NO CAGE. The digital distribution unit of Entertainment Studios Movies, Freestyle digital media, is a leading multiplatform distributor with direct partnerships across all major cable, digital and streaming platforms. Capitalizing on a robust infrastructure, a proven track record and a seasoned sales team, Freestyle digital media is a real hotbed for independent films.

In 2016, Allen Media Group purchased The Grio, a highly rated digital video-centric community news platform dedicated to providing African Americans with compelling stories and perspectives currently under-represented in existing national media. The Grio offers aggregated and original video packages, news articles and opinion pieces on topics such as breaking news, politics, health, business and entertainment. Originally launched in 2009, the platform was later purchased by NBC News in 2010. The digital platform remains focused on curating exciting digital content and currently has over 100 million annual visitors.

For more information visit:



View original content to download multimedia: gray-301384889.html

SOURCE Allen Media Group

Source link

About Deborah Wilson

Check Also

Media Bites October 5: Sainsbury’s / Tesco / Morrrisons, heavyweight crisis, Caffe Nero | New

Fortress, the U.S. investment firm left empty-handed after losing the Morrisons weekend auction, has delivered …

Leave a Reply

Your email address will not be published. Required fields are marked *