06 May Byron Allen Acquires 4 Broadcast TV Stations in Indiana, Louisiana for $165 Million
by Jennifer Maas
Allen’s Entertainment Studios, Inc. purchases two Bayou City Broadcasting station groups
Byron Allen’s Entertainment Studios, Inc. has acquired four broadcast TV stations in Indiana and Louisiana through its purchase of Bayou City Broadcasting Evansville, Inc. and Bayou City Broadcasting Lafayette, Inc. The media mogul’s Allen Media Broadcasting LLC paid $165 million for the two station groups, the company said Monday.
The purchase of these four Bayou City Broadcasting entities — WEVV (CBS) & WEEV (Fox) in Evansville, Indiana and KLAF (NBC) and KADN (Fox) in Lafayette, Louisiana — provides Allen’s TV arm with “a broader audience and strategically positions the company in broadcast and digital media,” per Entertainment Studios.
Last week, Sinclair Broadcast Group reached a deal to buy 21 Fox regional sports networks (RSNs) from Disney for a total value of $10.6 billion, with Allen — who purchased The Weather Channel in 2018 — on board as an equity and content partner.
Also Read: Sinclair Buys Fox Regional Sports Networks From Disney for $10.6 Billion
“Byron Allen is a visionary, and a brilliant entrepreneur who always gets it done,” Bayou City Broadcasting owner/president/CEO DuJuan McCoy said. “Byron Allen’s companies, which exemplify excellence, are perfectly positioned to continue the strong tradition these stations have in serving their communities.”
“DuJuan McCoy is an outstanding broadcaster and he has done a phenomenal job of assembling a strong management team to operate these network affiliate stations,” Allen added. “This is another milestone for our company, as we have now agreed to purchase our very first broadcast television stations and continue to look for other opportunities to grow our global media company through strategic acquisitions.”
Entertainment Studios, Inc. is one of the largest independent producers and distributors of film and television, with 43 shows on the air, and the owner of nine 24-hour HD television networks now serving nearly 160 million subscribers, according to the company.