By Jon Lafayette Byron Allen’s company now owns 32 station in 20 markets Byron Allen’s Allen Media Group said it completed the acquisition of WJRT-TV, Flint-Saginaw, Mich., from Gray Television for $70 million in cash. Allen has vowed to spend $10 billion buying stations to create one of the largest U.S....
By Jill Goldsmith Broadcaster TEGNA confirmed Tuesday that it’s received what would be a new round of acquisition proposals. It didn’t say from whom but Byron Allen’s group is said to be bidding, along with Apollo Global Management and Standard General with an $8 billion offer Tegna, which was spun off from...
Allen and Ares Management have submitted a joint bid for the company, which owns 64 local stations, as have Apollo and Standard General. By Alex Weprin TEGNA, the local TV company with some 64 stations in 51 markets, confirmed Tuesday that it has received multiple acquisition proposals. “Consistent with its...
By Reuters Staff Sept 21 (Reuters) - Tegna Inc confirmed on Tuesday it had received acquisition proposals and were being reviewed, after a report said private equity giant Apollo Global Management Inc and media entrepreneur Byron Allen had bid for the TV firm. On Tuesday, Bloomberg News...
By By Scott Deveau, Gerry Smith, and Liana Baker The broadcaster Tegna Inc. has received takeover interest from media mogul Byron Allen and private equity giant Apollo Global Management Inc., according to people familiar with the matter. Allen has teamed up with Ares Management Corp. to offer $23 per share, said one of the...
By Josh Kosman Apollo Global Management teamed with Standard General on Monday to make a binding bid that topped $8 billion for local TV station owner Tegna, sources close to the matter said. Tegna — spun off from newspaper giant Gannett in 2015 as a separate, publicly traded company...
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By Raquelle Zuzarte This episode of The Storytelling Revolution shines a light on a change crusader, storytelling master and five-time Emmy Award winner Geraldine Moriba, who has literally harnessed the power of her name to unlock stories of the human condition -- the poignant, the urgent and the uplifting. Moriba...
By Patrick Hipes EXCLUSIVE: Entertainment Studios Motion Pictures has acquired global rights to Ghost Boys, Jewell Parker Rhodes’ 2018 novel for young readers that weaves genres to explore what happens after a Black child is killed by a white police officer. Amy Baer (Last Vegas, Brian Banks, Mary Shelly) and Michael Besman (About Schmidt,...
By Jon Lafayette Exec will represent new app for theGrio Byron Allen’s Allen Media Group said it hired Jocelyn Langevine as VP of advertising sales and client partnerships for theGrio, Allen’s Africa American targeted brand. Langevine, most recently director of integrated marketing and senior director of integrated marketing at...
