He was a keynote speaker at the virtual 2020 Radio Show — a selection some suggested was made because a transaction involving AM and FM radio stations was in the works for this media mogul.
Alas, that’s not happened. But, Allen Media Group — the company founded by Byron Allen — has made a big acquisition. Only, it further cements his stature in broadcast television.
Allen Media Group has acquired MGM‘s over-the-air broadcast television networks This TV and Light TV, offered a digital multicast offerings across the U.S., for an undisclosed price.
The networks offer a variety of MGM’s film and television content. Launched in 2008, This TV is programmed with films, and other limited general entertainment content in the form of classic television series. Light TV dates to 2016; it features family-friendly movies and series.
With the purchase, Allen Media Group’s “global networks” includes The Weather Channel, plus a collection of “.TV” entities focused on cars, comedy, entertainment news, court dramas, travel, pets and recipes.
Allen said, “We are going to continue to invest a substantial amount of capital into the programming, marketing, and distribution of these networks. We are strong believers in broadcasting and free-streaming direct-to-consumer platforms.”
Chris Ottinger, MGM’s President of World Wide Television Distribution & Acquisitions, added, “Byron Allen is an innovator and has built a tremendous portfolio of networks within his organization. With a reach of over 81 million households, these networks will be great additions to his Allen Media Group.”