Media Mogul Byron Allen To Acquire Bayou City Broadcasting For $165 Million

Byron Allen’s Entertainment Studios Inc., one of the largest independent producers and distributors of film and television, with 43 shows on the air, and owner of nine 24-hour HD television networks now serving nearly 160 million subscribers — including The Weather Channel television network  — has acquired Bayou City Broadcasting Evansville, Inc., and Bayou City Broadcasting Lafayette, Inc. Allen is purchasing the station groups through his company, Allen Media Broadcasting LLC.

Allen, who recently joined Sinclair Broadcast Group to purchase the Fox/Disney 21 Regional Sports Networks (RSNs) for $10.6 billion, has been aggressively pursuing additional media assets. 

Byron Allen is a visionary, and a brilliant entrepreneur who always gets it done,” said Bayou City Broadcasting President and CEO DuJuan McCoy. “Byron Allen’s companies, which exemplify excellence, are perfectly positioned to continue the strong tradition these stations have in serving their communities.”

“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,” said Allen, founder, chairman and CEO of Entertainment Studios/Allen Media LLC.

Allen’s expansion into broadcast television is the latest step Entertainment Studios has taken in further expanding the global reach of its programming and content. The Entertainment Studios divisions now include: broadcast television network affiliates, streaming services, broadcast television syndication, production and distribution of 43 television programs, nine 24/7 HD television networks, theatrical motion picture production, acquisition and global distribution, digital movie acquisition and distribution, and global news publishing — making Entertainment Studios one of the largest privately-held media companies in the world.  The 26-year-old Entertainment Studios is 100% owned by Allen.

Entertainment Studios produces, distributes, and sells advertising for 43 television programs, making it one of the largest independent producers/distributors of first-run syndicated television programming for broadcast television stations. With a library of over 5,000 hours of owned content across multiple genres, it provides video content to broadcast television stations, cable television networks, mobile devices, multimedia platforms, and the World Wide Web.  

About Post Author


From the Web

Skip to content
Verified by MonsterInsights