Comedian and successful entrepreneur Byron Allen is looking to expand his extensive empire by pursuing a purchase of a number of television stations from E.W. Scripps.
According to Seeking Alpha, the Allen Media Group is in search of possibly $200 million financing from private lenders to attempt to buy some of the television properties from the broadcasting entity, based on a report by Bloomberg TV. Allen is purportedly looking for stations that are not located in major markets.
The news comes after Allen was trying to place the BET Network back under Black ownership several months ago as he, Tyler Perry, Sean “Diddy” Combs, and others made an attempt to purchase the network from Paramount. The company decided not to sell BET to anyone after toying with the idea for several months.
More recently, in September, Allen placed a $10 billion bid to acquire Disney’s ABC Network according to Bloomberg. Allen made the offer after reports of Disney looking to get rid of what it considers “non-core assets” and looking to focus their efforts on streaming services.
A source familiar with the offer said that it centers specifically on ABC’s broadcast network as well as FX and National Geographic.
The Allen Media Group recently brought back two courtroom favorites that were recently canceled and also premiered a new one in September.
Judge Mathis is starring in “Mathis Court With Judge Mathis”; Judge Milian, formerly of The People’s Court, continues to bang the gavel for “Justice for the People with Judge Milan,” and the newest addition to the slate of court shows on television is Eboni K. Williams (The Real Housewives of New York City) debuted “Equal Justice with Judge Eboni K. Williams.”
“Byron and I are both from Detroit and it’s exciting to see him build the Motown of court programming by bringing together all of my fellow judges from his 8 court shows – who are the best of the best,” Mathis said before his show went on the air.
The court shows debuted on Monday, Sept. 11, 2023.
Byron Allen Looking Into Purchasing Scripps TV Stations