Latest in Allen Media

Byron Allen acquired The Weather Channel three year ago, gathered scientists at its Atlanta campus and asked "Are we in trouble?" After an unequivocal yes, "I decided not to be Switzerland," the founder Allen Media Group/Entertainment Studios told TCA Tuesday. Environmental journalists face pressure to avoid offending…

Broadcaster Tenga broke its silence about a swirl of suitors, acknowedging it received four unsolicited offers but saying it’s not currently in talks after two bidders withdrew and the process is stalled with the other two. Tegna did not name the interested parties. But smaller Gray Television made a cash-and-stock…

Gray Television is said to have withdrawn its bid for Tegna. The company had offered $20 a share, or $8.5 billion in combined cash and stock for Tegna. Its bid was followed by identical offers from private equity giant Apollo Global and Byron Allen’s Allen Media – both all cash offers, also for $8.5 billion. Those…

Media entrepreneur Byron Allen has made an all-cash bid for Tegna and is said to be one of three potential buyers circling the Tysons, Va.-based broadcaster, according to a source familiar with the situation. Allen's Allen Media Group offered $20 a share, or about $8.5 billion, the source said. It is going up against…

Byron Allen continues to expand his Entertainment Studios media holdings with the purchase of The Weather Channel basic cable TV network. Through his company Allen Media, Allen has acquired the Weather Group, parent company of The Weather Channel TV network and Local Now streaming service, from The Blackstone Group…