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Byron Allen Strikes $290M Deal To Buy 11 Local Stations From USA Television | Deadline

Byron Allen Strikes $290M Deal To Buy 11 Local Stations From USA Television | Deadline

Byron Allen, Entertainment Studios, African American Entrepreneurs, Black Entrepreneurs, African American Media Company, Black Media Company, KOLUMN Magazine, KOLUMN, KINDR'D Magazine, KINDR'D, Willoughby Avenue, WRIIT,
Byron Allen’s Entertainment Studios has acquired 11 local TV stations from USA Television for $290 million.

The stations serve small to mid-sized cities (spanning markets ranked No. 79 to No. 188 in the U.S.) and have network affiliations with ABC, CBS, NBC and Fox.

While the deal’s valuation is a fraction of the recent Nexstar-Tribune local TV merger, the USA pickup is the latest in a series of moves by Allen. His company is a partner in the recent takeover of the formerly Fox-run regional sports networks led by the Sinclair Broadcast Group. It also acquired four stations in Indiana and Louisiana for $165 million in July, and in 2018 bought the Weather Channel.


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