Entertainment Studio’s CEO Byron Allen is the new owner of 11 small-market TV stations after a $290 million deal with USA Television. The stations included in the deal serve span markets ranked 79 to 188 such as Huntsville, Alabama, Fort Wayne, Indiana, Chico-Redding, Calif., and Eugene, Oregon.
“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,” USA Television CEO Robert S. Prather Jr. said.
“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,” said Allen, chairman-CEO of Entertainment Studios/Allen Media. “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.”
Recently, Allen has been making moves picking up acquisitions, including regional sports networks led by the Sinclair Broadcast group, a $165 million deal in July for four Indiana and Louisiana stations over the summer, and the Weather Channel in 2018.
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