Byron Allen Expanding Empire with Potential Purchase of Scripps TV Stations
• Entrepreneur Byron Allen is making moves to expand his media empire with the potential purchase of television stations from E.W. Scripps for around $200 million.
• Allen recently bid for $10 billion to acquire Disney’s ABC Network, FX, and National Geographic to focus on streaming services.
• In addition, Allen’s company has also revived two canceled courtroom shows and premiered a new one, Judge Mathis’, Judge Milian’s, and Eboni K. Williams’, respectively.
• With his strategic acquisitions and ambitious plans, Allen is poised to impact the media landscape significantly.
Entrepreneur Byron Allen is making moves to grow his media empire by considering the acquisition of several television stations from E.W. Scripps. Seeking Alpha reports that Allen Media Group’s company is seeking around $200 million in financing from private lenders to fund the purchase. Allen is specifically targeting stations that are not located in major markets.
This latest development follows Allen’s previous attempt to bring the BET Network back under Black ownership alongside Tyler Perry, Sean “Diddy” Combs, and others. Although the deal did not go through, it highlights Allen’s ongoing efforts to expand his media portfolio.
In a bold move, Allen recently placed a $10 billion bid to acquire Disney’s ABC Network. This offer aligns with Disney’s reported plans to divest non-core assets and focus on streaming services. The bid specifically centers on ABC’s broadcast network, FX, and National Geographic.
Not content with acquisitions alone, Allen’s Allen Media Group is also making waves in the courtroom genre. They recently revived two canceled courtroom shows and introduced a new one. Judge Mathis is now starring in “Mathis Court with Judge Mathis,” Judge Milian from The People’s Court is hosting “Justice for the People with Judge Milian,” and Eboni K. Williams has debuted “Equal Justice with Judge Eboni K. Williams.”
These court shows, which premiered on September 11, 2023, are all part of Allen’s ambitious plan to create a powerhouse lineup of court programming. Judge Mathis expressed his excitement about the project, highlighting the collaboration between fellow judges from Allen’s eight court shows.
With his entrepreneurial drive and strategic acquisitions, Byron Allen is poised to make a significant impact on the media landscape.