Byron Allen buys two over-the-air broadcast TV networks from MGM
Allen's empire continues to grow as he expands his media company's portfolio of TV offerings
Byron Allen‘s Allen Media Group has purchased two over-the-air broadcast TV networks, This TV and Light TV, in an acquisition from MGM.
The networks broadcast 24 hours a day and are available via over-the-air, cable and online for free nationwide. Both This TV and Light TV program a variety of MGM’s film and television content.
This TV, launched in 2008, offers films and other limited general entertainment content in the form of classic television series, while Light TV, which was founded in 2016, is a free broadcast network featuring family-friendly movies and television series.
Allen, who is also the owner of theGrio, has now expanded his media empire to a total of ten networks, including The Weather Channel, Cars.TV, Comedy.TV, ES.TV, JusticeCentral.TV, MyDestination.TV, Pets.TV and Recipe.TV.
“I am happy to announce that Allen Media Group has achieved another critical milestone by successfully acquiring two over-the-air broadcast television networks This TV and Light TV from MGM,” said Allen, Founder/Chairman/CEO of Entertainment Studios and Allen Media Group.
Read More: Byron Allen buys Honolulu ABC affiliate TV station for $30 million
“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 said, “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.”
Have you subscribed to theGrio’s podcast “Dear Culture”? Download our newest episodes now!
TheGrio is now on Apple TV, Amazon Fire, and Roku. Download theGrio today!
More About:Business
You Might Like
