Byron Allen Just Added 7 More TV Stations to His Repertoire of TV Stations
Byron Allen at the 2018 BLACK ENTERPRISE Entrepreneurs Summit (Image: BLACK ENTERPRISE)
The Bryon Allen train doesn’t seem to stop. As he continues to add to his growing empire of television stations and properties across the United States, the entrepreneurial comedian has just acquired seven more!
According to Gray Television, the company has reached an agreement with Bryon Allen‘s Allen Media Group to acquire seven television stations for $380 million in cash.
“I truly appreciate Gray and Quincy, two of the best broadcast groups in the business, working with us to acquire and transfer these amazing assets. Over the past year-and-a-half, we’ve invested close to $1 billion to acquire best-in-class, top-tier, broadcast network affiliates,” said Byron Allen, founder, chairman, and CEO of Allen Media Group in a written statement. “We plan to invest approximately ten billion dollars to acquire mor
Gray Sells Divestiture Stations From Quincy Media Transaction to Allen Media for $380 Million
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Gray Spins Off 10 Stations To Allen Media For $380 Million
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Gray sells divestiture stations from Quincy Media transaction to Allen Media for $380M Earlier this year, Gray Television reached an agreement to acquire Quincy for $925 million in cash. To facilitate regulatory approvals for this transaction, Gray agreed to sell to Allen Media television stations currently owned by Quincy in markets Gray also owns and operates a television station. (Source: Gray TV) By Gray News Staff | April 29, 2021 at 1:47 PM EDT - Updated April 29 at 5:30 PM
(Gray News) - Gray Television, Inc. reached an agreement Thursday to divest certain television stations currently owned by Quincy Media, Inc. to Byron Allen’s Allen Media Broadcasting, LLC for $380 million in cash.