(Los
Angeles, CA) It is often said
that, Byron Allen’s vision of Entertainment Studios, Inc. took shape while
sitting at, his dining room table. This
vision also included the business divisions Allen Media Broadcasting, and,
Allen Media Group. Interestingly, the
previously said occurred 26 years ago, or, in the year 1993. Since then, Entertainment Studios, Inc. has
grown into five offices. The first and
the official headquarters office, is located in the City of Los Angeles,
U.S.A. The other offices are in the
cities of New York City, Chicago,
Atlanta and Raleigh. Today, the full spectrum of Entertainment
Studios, Inc. includes broadcast television network affiliates, streaming
services, broadcast television syndication, television production, television
distribution, nine 24/7 television networks, theatrical motion picture
production, theatrical motion picture distribution and global news
publications. Recently, Entertainment
Studios, Inc. announced that, it is always in a state of business growth. Specifically, the aforementioned media
company announced that, it has acquired 11 broadcast television stations. The latter, were acquired from U.S.A.
Television Holdings, LLC and U.S.A. Television Mid America Holdings, LLC. Technically, the acquisition will pass over
to the business division, Allen Media Broadcasting. The acquisition cost was revealed to be, $290
million USD.
For the $290 million dollar
acquisition cost, Allen Media Broadcasting, will be receiving highly ranked
broadcast television stations.
Additionally, these 11 broadcast television stations are in 9 U.S.
television markets. Furthermore, they
have network affiliations with ABC, CBS, NBC and Fox. However and returning to; Entertainment
Studios, Inc., the aforementioned business’s current state of growth, started
in March of the year 2018. In March
2018, Entertainment Studios, Inc. acquired the Weather Channel. In July 2019, the aforementioned business
acquired Bayou City Broadcasting. The
previous business, is or was the owner of 4 broadcast television stations. The acquisition cost was revealed to be, $165
million USD. Additionally, the 4
broadcast television stations were in the states of Indiana
and Louisiana. WEVV a CBS affiliate, and, WEEV a Fox
affiliate; are located in Evansville, Indiana
U.S.A. KLAF an NBC affiliate, and, KADN a Fox
affiliate; are located in Lafayette, Louisiana. In August 2019, Entertainment Studios, Inc.
joined the Sinclair Broadcast Group, and together, acquired the 21 Fox Regional
Sports Networks. The acquisition cost
was revealed to be, $10.6 billion USD.
Overall, in the last three months Entertainment Studios, Inc. has spent
approximately, $455 million USD in broadcast television station
acquisitions. As a result, the current
portfolio now includes 15 broadcast television stations, in 11 U.S.
television markets.
|
The 11
Acquired Broadcast Television Stations
|
|||
|
DMA
Rank |
City of License
|
Station(s)
|
Affiliation
|
|
79
|
Huntsville-Decatur-Florence, Alabama
|
WAAY WAAY-D2
|
ABC–ION
|
|
104
|
Ft. Wayne, Indianapolis
|
WFFT
|
FOX
|
|
123
|
Eugene, Oregon
|
KEZI KEZI-D2
KEZI-D3
|
ABC-ION–METV
|
|
132
|
Chico-Redding, California
|
KNVN* KNVN-DT2*
KHSL KHSL-D2
KHSL-D5 |
NBC-TELEMUNDO-CBS-CW-ION
|
|
133
|
Columbus-Tupelo-West
Point, Mississippi
|
WTVA WLOV*
WTVA-D2
|
NBC-FOX–ABC
|
|
135
|
Medford-Klamath
Falls, Oregon
|
KDRV KDRV-D2
|
ABC-ANTENNA TV
|
|
154
|
Rochester, Minnesota-Mason City,
Iowa-Austin, Minnesota
|
KIMT KIMT-D2
KIMT-D3
|
CBS-MYTV–ION
|
|
158
|
Terre
Haute, Indianapolis
|
WTHI WTHI-D2
WTHI-D3
|
CBS-FOX-MYTV-CW
|
|
188
|
Lafayette, Indianapolis
|
WLFI WLFI-D2
WLFI-D3
|
CBS-CW–ION
|
|
*Operated through joint sales and services agreement
Prior to the acquisition; M South Equity Partners was
the owner of U.S.A. Television Holdings, LLC, and, U.S.A. Television Mid
America Holdings, LLC. Both the former
and the latter were managed by, Heartland Media, LLC.
|
|||
Robert S. Prather, Jr. is the Chief
Executive Officer of U.S.A.
Television Holdings, LLC and U.S.A. Television Mid America Holdings, LLC. Through a press statement, Mr. Prather said
the following. “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.”
To end, Entertainment Studios, Inc.
did release a press statement. Byron
Allen is the Founder, the Chairman and the Chief Executive Officer of Entertainment
Studios, Inc. Through a press statement,
Mr. Allen said the following. “Bob
Prather is an excellent broadcaster and he has done a brilliant job of
assembling a stellar management team to operate these very strong network
affiliate broadcast stations. This is
another milestone for our company, as we have now agreed to purchase our second
broadcast network affiliate station group within the past three months, and
continue to aggressively look for other opportunities to grow our global media
company through strategic acquisitions.”
As previously stated, Entertainment Studios, Inc. recently announced
that, it is always in a state of business growth. Specifically, the aforementioned media
company announced that, it has acquired 11 broadcast television stations. The latter, were acquired from U.S.A.
Television Holdings, LLC and U.S.A. Television Mid America Holdings, LLC. Technically, the acquisition will pass over
to the business division, Allen Media Broadcasting. Lastly, the acquisition cost was revealed to
be, $290 million USD.
###
Written
from Press Release
Registered
Writer with
PR
Newswire Association, LLC
R-Berumen28
10/05/2019
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| Byron Allen |
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