Inspired By The Be 100s, Comedian-turned-mogul Byron Allen Has Created A Media Empire By Transforming How Audiences Consume Content. Now With His $300 Million Acquisition Of The Weather Channel, His Entertainment Studios Is Literally Taking The Industry By Storm
On March 22, 2018, an announcement about the network’s future had all the historic impact of a tsunami. A force of nature in the media world, Byron Allen created shockwaves with his acquisition of The Weather Group, the network’s parent company, for a whopping $300 million from mammoth private equity firm The Blackstone Group, global investment firm Bain Capital, and monolithic Comcast/NBC Universal. As such, the transaction continues the transformation of Allen’s Entertainment Studios (ES), which has grown from a single nationally syndicated TV show into a global juggernaut.
“The Weather Channel is a very unique asset. It’s the perfect asset for us and who we are,” asserts Allen. “It’s the largest cable network not owned by a conglomerate. It’s a cash cow that makes hundreds of millions of dollars. And it is the only cable network that protects and saves lives.”
هذه القصة مأخوذة من طبعة May/June 2018 من Black Enterprise.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة May/June 2018 من Black Enterprise.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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