Allen Media Broadcasting has signed a purchase agreement that will see the company led by Byron Allen acquire the FOX affiliate serving Montgomery, Alabama.
In an announcement released late Tuesday, AMG confirmed that it intends to buy WCOV-20, which uses UHF digital channel 22, from David Woods and his Woods Communications Corporation.
AMG will pay $28.5 million in cash for the station. This acquisition is expected to close in 2022.
Upon closing, Allen’s acquisition of WCOV will increase the number of broadcast television stations owned and/or operated by his Allen Media Broadcasting to 36 stations across 21 U.S. broadcast television markets.
The WCOV-TV digital signal is multiplexed, with channel 20.2 designated as Antenna TV, and channel 20.3 designated as THIS TV—the digital multicast network acquired by Allen Media Group from MGM in October 2020.
Allen Media Broadcasting’s purchase agreement for WCOV-TV also includes these additional television station assets and their respective digital subchannel affiliates:
- Troy, Alabama-licensed Cozi TV affiliate WIYC/channel 48 (48.1: Cozi TV, 48.2:MyNetworkTV, 48.3: Heroes & Icons, 48.4: Court TV/Mystery, 48.5: TBD, 48.6: Comet, and 48.7: Charge!)
- Montgomery, Alabama-licensed WALE/channel 17 (17.1: True Crime Network, 17.2: Laff, 17.3: Court TV, 17.4: Jewelry Television, 17.5: Movies!, 17.6: Heroes & Icons, and 17.7: Comet)
The Montgomery deal follows AMG’s acquisition of Honolulu-based KIKU-TV in September.
In August, Allen Media Broadcasting completed its $380 million cash acquisition of 10 local television stations in seven markets divested from the Gray Television transaction with Quincy Media. In a separate deal in July, 2021, Allen purchased Flint, Michigan’s ABC affiliate —WJRT-12—from Gray Television for $70 million.
In February 2020, Allen closed the deal to acquire 11 broadcast television stations from USA Television Holdings and USA Television MidAmerica Holdings for $305 million.
Allen’s purchase of broadcast television assets began in July 2019 with his acquisition of Bayou City Broadcasting, which included 4 television stations in Evansville, Indiana and Lafayette, Louisiana for $165 million.
In March 2018, Allen acquired The Weather Channel, serving Americans for nearly four decades, and voted the most trusted news network for 11 consecutive years, and the fifth most-trusted brand overall. In addition to The Weather Channel, Allen also owns 11 additional television networks and the free-streaming services theGrio, Sports.TV, HBCUGo.TV, The Weather Channel en Español, and Local Now.
Allen Media Group was founded by Byron Allen in 1993.
“WCOV-TV is an excellent asset and has been extremely well-managed for decades by the Woods family, who I’ve known for over 35 years,” said Byron Allen. “Over the past two years, we’ve invested approximately $1 billion to acquire best-in-class, top-tier, Big 4 broadcast network affiliates and we plan to invest significantly more to acquire additional ABC, CBS, NBC, and FOX television stations with the goal of being the largest broadcast television group in America. All of our media assets work in concert to amplify our free-streaming services theGrio.TV, Sports.TV, HBCUGo.TV, The Weather Channel en Español, and Local Now.”
Woods commented, “The acquisition by Allen Media Group will allow WCOV, WIYC and WALE to become even more competitive in the future and well-positioned for the advancing world of broadcast television.”
Woods added that he had known Byron Allen since 1980, when he was a co-host of the NBC program Real People. “We have followed Allen as he started a small production company and worked hard in order to build a massive, diversified global entertainment company involved with numerous divisions, all of which revolve around consuming content on various size screens,” Woods said. “Byron Allen has a reputation for hiring the best executives in each of the companies he owns. We have observed his growth for over 40 years and admire what he has achieved. Byron Allen is a true American entrepreneur. We feel blessed to become part of the Allen Media Group family.”
Allen Media Group will add its thirteenth network, THE WEATHER CHANNEL EN ESPANOL in 2021.