Allen Media Broadcasting, a privately owned company founded in 2019, operates in the broadcast television and radio sectors. As of 2023, it employed approximately 100 people and generated less than $100 million in revenue. The company's holdings include 27 network affiliate television stations (ABC, NBC, CBS, and FOX) across 21 US markets, and twelve 24-hour high-definition television networks reaching nearly 220 million subscribers. Additionally, Allen Media Broadcasting's parent company, Allen Media Group, owns several streaming platforms including HBCU GO, SPORTS.TV, THEGRIO, THE WEATHER CHANNEL STREAMING APP, and LOCAL NOW.
Allen Media Broadcasting announced plans to sell its 28 broadcast television stations, including two in Alabama. This follows a statement by CEO Byron Allen that the company invested over one billion dollars to acquire major network-affiliated television stations six years prior. Separately, Allen Media Broadcasting's Lafayette stations, KADN/KLAF, are subject to a sale to Gray Media. This acquisition, along with Gray Media's purchase of KATC from E.W. Scripps Co., could lead to a merger of the news staffs and create a duopoly for Gray Media in Lafayette.
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Allen Media Broadcasting offers 3 products in the media and telecoms services industry. Allen Media Broadcasting's product portfolio comprises of broadcast television and radio and media and TV services.
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Allen Media Broadcasting's revenues were less than $100M in 2023. Caretta Research has split Allen Media Broadcasting's revenue into 2 different product categories, the largest of which is linear (local broadcaster). For full access to Allen Media Broadcasting's revenue breakdown subscribe to Caretta Portal.
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