A media entrepreneur who’s a familiar presence on television has acquired 11 TV stations for $290 million. Byron Allen acquired the stations, including ABC, CBS, NBC and Fox affiliates, through his Entertainment Studios.
Allen purchased the stations from USA Television. The 11 stations serve nine media markets, the largest being Huntsville-Decatur-Florence, Ala., where Allen acquired ABC and ION affiliate WAAY-TV and WAAY-D2.
Robert S. Prather Jr., CEO of USA Television, commented: “I have known Byron Allen for decades and we are delighted that these stations will now be part of his dynamic company, and that Heartland management will continue to guide them. 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.”
Click here to see a full list of stations, along with the announcement from Entertainment Studios.