Allen Media Group, also known as Entertainment Studios, is a privately owned company headquartered in Los Angeles, US. Founded in 1993 by businessman Byron Allen, the company operates with approximately 320 employees. It was initially involved in the production and distribution of first-run television series for American television syndication. Under its Entertainment Studios Networks division, the company also operates a group of digital cable and satellite channels, broadcasting a mix of original programs and its syndicated content.
On May 2, 2026, Allen Media Group and Gray Media finalized their previously announced transactions, closing on a deal totaling $171 million. Gray Media acquired stations in three new markets on March 26, 2026, and the remaining seven overlap markets on May 1. This full transaction closure followed an earlier development on May 1, 2026, when the FCC had initially approved the transfer of only three local television broadcast licenses from Allen Media Group to Gray Media, a fraction of the originally targeted 10-station portfolio. That day also saw a mention of a Dish Network blackout creating a new risk layer for the deal. Earlier on May 1, 2026, the FCC’s Media Bureau denied a petition from DirecTV seeking to block the acquisition. Gray Media originally confirmed the agreement in August 2025 to purchase 10 full-power broadcast TV stations from Allen Media Group for $171 million, with an initial expectation to close by the end of 2025.
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