Media entrepreneur Byron Allen has expanded his growing TV portfolio with the acquisition by his Allen Media Broadcasting of the Bayou City Broadcasting Evansville and Bayou City Broadcasting Lafayette station groups, Deadline reports.
The $165 million acquisition adds four network-affiliated stations to Allen’s holdings and represents his first broadcast stations.
The acquisition encompasses CBS affiliate WEVV and Fox affiliate WEEV in Evansville, Ind., and KLAF (NBC) and KADN (Fox) in Lafayette, La.
Deadline notes that the deal “comes after Friday’s news that Allen is part of the ownership group involved in Sinclair Broadcast Group’s $10.6 billion deal to acquire Disney’s 21 regional sports networks.”
Deadline adds: “Allen’s TV unit last year acquired The Weather Channel, the latest of the company’s nine 24-hour HD television networks that serve almost 160 million subscribers. Additionally, it runs The Weather Channel’s streaming service Local Now.”