(Los Angeles, CA) It is often said that, Byron Allen’s vision of Entertainment Studios, Inc. took shape whilst 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, this 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. This acquisition cost was revealed to be, $165 million USD. Additionally, the 4 broadcast television stations are located, in the states of Indiana and Louisiana U.S.A. WEVV a CBS affiliate, and, WEEV a Fox affiliate; are located in Evansville, Indiana. 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. This 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.
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The 11 Acquired Broadcast Television Stations |
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|
DMA |
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 |
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 |
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*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. |
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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, this acquisition will pass over to the business division, Allen Media Broadcasting. Lastly, the acquisition cost was revealed to be, $290 million USD.
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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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