Entertainment Studios 
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Byron Allen's Allen Media Group has added another TV station to its broadcasting holdings with the purchase of Fox affiliate WCOV-TV in Montgomery, Ala.Allen Media Group paid $28.5 million in cash to Woods Communications for the station, which offers some 16 other channel feeds in addition to Fox through its multicast channels. The acquisition will bring Allen Media Group's TV station holdings to 36, after a buying spree in recent years.“WCOV-TV is an excellent asset and has been extremely well-managed...
Entertainment Studios
Byron
Allen
Founder / Chairman / CEO
Allen acquired seven stations from Gray Television for $380 million in April 2021, giving his Allen Media Group/Entertainment Studios a total of 23 network affiliates across the U.S. His portfolio also includes 10 24-hour TV networks, including the Weather Channel, along with AVOD services Local Now and The Grio. In 1993, he launched Entertainment Studios and grew it into a media empire that has given him an estimated net worth of $450 million. Allen settled a $10 billion racial discrimination suit against Charter Communications in February 2021 then filed another against McDonald’s that May. Raised by a single mom, he began his career as a comedian at 14, made his debut on Johnny Carson’s “Tonight Show” four years later in 1979 and became one of the hosts of NBC’s “Real People” the following year.
