(Los
Angeles, CA) In September of
the year 2013, Heartland Media, LLC made its first business acquisition. The latter, was of an NBC affiliated
broadcast television station; WKTV. This
broadcast television station, is located in Utica,
New York U.S.A. Interestingly, WKTV was acquired from Smith
Media. After this first acquisition,
Heartland Media, LLC implemented an acquisition philosophy. This acquisition philosophy was centered on acquiring
Big Four television affiliates that; targeted university towns, and, state
capitals. Through its two subsidiary
businesses, Heartland Media, LLC was successful in acquiring and operating,
several broadcast television stations.
These two subsidiary businesses are U.S.A. Television Holdings, LLC and
U.S.A. Television Midamerica Holdings, LLC.
When speaking about both in a collective manner, the former and the
latter are; U.S.A. TV. Recently,
Entertainment Studios, Inc. announced that, Heartland Media, LLC is no longer
the owner of U.S.A. TV. Specifically,
the aforementioned business revealed that, it has acquired U.S.A. TV from
Heartland Media, LLC. The acquisition of
U.S.A. TV, is made up of 11 high ranking broadcast television stations. Additionally, these 11 broadcast television
stations are in 9 U.S.
television markets.
The 11 high ranking broadcast
television stations, which are in 9 U.S.
television markets, had the following acquisition cost. The revealed acquisition cost is, $305
million USD. However and returning to,
Entertainment Studios, Inc., the aforementioned business has indeed been
busy. In fact, the acquisition of U.S.A.
TV’s portfolio is just one more, in a series of recent acquisitions. Additionally, the last six months is best
characterized by, $470 million USD spent on acquiring broadcast television
stations. However, the series of
acquisitions began in March, of the year 2018.
During this time, Entertainment Studios, Inc. acquired The Weather
Channel. Then in July of the year 2019,
Entertainment Studios, Inc. acquired Bayou City Broadcasting. This acquisition, as it was reported, cost
$165 million USD. Finally in August of
the year 2019, Entertainment Studios, Inc. acquired the 21 Regional Fox Sports
Networks. For this acquisition, the
aforementioned business partnered with, the Sinclair Broadcast Group. This acquisition, as it was reported, cost
$10.6 billion USD. Overall and post most
recent acquisition, the business divisions of Entertainment Studios, Inc.;
Allen Media Broadcasting, and, Allen Media Group are best characterized in this
way. 15 broadcast television stations,
in more than, 11 U.S.
television markets. This means that,
Allen Media Broadcasting and Allen Media Group can now reach, a very wide
audience. An audience that can be found
in broadcast television stations, cable television networks and digital media
platforms.
Returning to; the acquisition of
U.S.A. TV, the aforementioned and as previously said, is a portfolio of 11
broadcast television stations.
Additionally, the portfolio has the following network affiliations. The network affiliations are; ABC, CBS, NBC and
Fox. The complete details of the
acquisition of U.S.A. Television Holdings, LLC, and, U.S.A. Television
Midamerica Holdings, LLC are below.
|
The 11
Broadcast Television Stations Acquired through
U.S.A. Television
Holdings, LLC and U.S.A. Television
Midamerica Holdings, LLC
|
|||
|
D.M.A. Rank
|
City of License
|
Station(s)
|
Affiliation
|
|
79
|
Huntsville-Decatur-Florence, AL
|
WAAY WAAY-D2
|
ABC-ION
|
|
104
|
Ft.
Wayne, IN
|
WFFT
|
FOX
|
|
123
|
Eugene, OR
|
KEZI KEZI-D2
KEZI-D3
|
ABC-ION-METV
|
|
132
|
Chico-Redding, CA
|
KNVN* KNVN-DT2*
KHSL KHSL-D2 KHSL-D5
|
NBC-TELEMUNDO-CBS-CW-ION
|
|
133
|
Columbus-Tupelo-West
Point, MS
|
WTVA WLOV*
WTVA-D2
|
NBC-FOX-ABC
|
|
135
|
Medford-Klamath
Falls, OR
|
KDRV KRDV-D2
|
ABC-ANTENNA TV
|
|
154
|
Rochester, MN-Mason City,
IA-Austin, MN
|
KIMT KIMT-D2
KIMT-D3
|
CBS-MYTV-ION
|
|
158
|
Terre
Haute, IN
|
WTHI WTHI-D2
WTHI-D3
|
CBS-FOX-MYTV-CW
|
|
188
|
Lafayette, IN
|
WLFI WLFI-D2
WLFI-D3
|
CBS-CW-ION
|
|
*Operated
through joint sales and services agreement
|
|||
Robert S. Prather, Jr. is the Chief
Executive Officer of Heartland Media, LLC.
Through a press statement, Mr. Prather, Jr. said the following. “I have known Byron Allen for decades and we
are delighted that these television stations will now be part of his amazing
company. 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.
“Over the past six months we’ve invested nearly $500 million to acquire
best-in-class, top-tier, broadcast network affiliates. We plan to invest approximately ten billion
dollars to acquire ABC, CBS, NBC, and FOX television stations over the next
three years with the goal of being one of the largest broadcast television
groups in America.” As previously stated, Entertainment Studios,
Inc. recently announced that, Heartland Media, LLC is no longer the owner of
U.S.A. TV. Specifically, the
aforementioned business revealed that, it has acquired U.S.A. TV from Heartland
Media, LLC. The acquisition of U.S.A. TV,
is made up of 11 high ranking broadcast television stations. Additionally, these 11 broadcast television
stations are in 9 U.S.
television markets. Lastly, the revealed
acquisition cost is, $305 million USD.
###
Written
from Press Release
Registered
Writer with
PR
Newswire Association, LLC
R-Berumen28
02/28/2020
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