Allen Media Broadcasting, a division of Byron Allen’s Entertainment Studios, said Tuesday that it has closed on the acquisition of 11 broadcast television stations from USA Television Holding…
“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,” said USA Television CEO Robert Prather, Jr.
“Over the past six months we’ve invested nearly $500 million to acquire best-in-class, top-tier, broadcast network affiliates,” said Allen, founder, chairman and CEO of Entertainment Studios. “We plan to invest approximately $10 billion to acquire ABC, CBS, NBC and Fox television stations over the next three years with the goal of being one of the largest broadcast television groups in America.”
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