Allen Media Broadcasting Adds To Its Portfolio

Byron Allen's Allen Media Group division Allen Media Broadcasting is proud to announce it has signed a purchase agreement for its acquisition of the Montgomery, Alabama broadcast television station WCOV-TV (Fox 20) from David Woods and his Woods Communications Corporation for $28.5 million in cash. This acquisition is expected to close in 2022.

Upon closing, Allen's acquisition of WCOV-TV will increase the number of broadcast television stations owned and/or operated by his Allen Media Broadcasting to 36 stations across 21 U.S. broadcast television markets.

The most recent television station acquisition by Allen Media Broadcasting was Honolulu's KIKU-TV in September, 2021. In August 2021, Allen Media Broadcasting completed its $380 million cash acquisition of 10 local television stations in seven markets divested from the Gray Television transaction with Quincy Media. 

Byron Allen

In a separate deal in July, 2021, Allen purchased Flint, Michigan's ABC affiliate WJRT-TV from Gray Television for $70 million. In February 2020, Allen closed the deal to acquire 11 broadcast television stations from USA Television Holdings and USA Television MidAmerica Holdings for $305 million. Allen's purchase of broadcast television assets began in July 2019 with his acquisition of Bayou City Broadcasting, which included 4 television stations in Evansville, Indiana and Lafayette, Louisiana for $165 million. In March 2018, Allen acquired The Weather Channel, serving Americans for nearly four decades, and voted the most trusted news network for 11 consecutive years, and the fifth most-trusted brand overall. In addition to The Weather Channel, Allen also owns 11 additional television networks and the free-streaming services theGrio, Sports.TV, HBCUGo.TV, The Weather Channel en Español, and Local Now. Allen Media Group was founded by Byron Allen in 1993.

"WCOV-TV is an excellent asset and has been extremely well-managed for decades by the Woods family, who I've known for over 35 years," said Byron Allen, Founder, Chairman, and CEO of Allen Media Group. "Over the past two years, we've invested approximately $1 billion to acquire best-in-class, top-tier, Big 4 broadcast network affiliates and we plan to invest significantly more to acquire additional ABC, CBS, NBC, and FOX television stations with the goal of being the largest broadcast television group in America. All of our media assets work in concert to amplify our free-streaming services theGrio.TV, Sports.TV, HBCUGo.TV, The Weather Channel en Español, and Local Now."