Byron Allen has acquired The Weather Group, which is the parent company of The Weather Channel. Entertainment Studios, which is home to various court shows like America’s Court with Judge Ross, Justice for All with Judge Cristina Perez and Justice with Judge Mablean, is owned by Allen. The deal is reportedly valued at about $300 million.
“The Weather Channel is one of the most trusted and extremely important cable networks, with information vitally important to the safety and protection of our lives,” said Allen, who is chairman-CEO of Entertainment Studios. “We welcome the Weather Channel, which has been seen in American households for nearly four decades, to our cable television networks division. The acquisition of the Weather Channel is strategic, as we begin our process of investing billions of dollars over the next five years to acquire some of the best media assets around the world.”