The Weather Channel Is Now Black-Owned -- Comedian Byron Allen Just Bought It for $300 Million!

Style Magazine Newswire | 3/30/2018, 8:29 a.m.
Most people know Byron Allen as a funny comedian, but he is also a successful entrepreneur and media mogul as …
Byron Allen

Black Business News Blog

Most people know Byron Allen as a funny comedian, but he is also a successful entrepreneur and media mogul as the CEO/owner of Entertainment Studios, Inc., one of the largest independent producers and distributors of film and television. His Los Angeles-based company currently has 41 shows on the air, and owns eight 24-hour HD cable television networks reaching nearly 160 million aggregate subscribers nationwide. And now, his company is the proud new owner of the Weather Channel! The Weather Channel is one of the largest cable television networks not owned by a major conglomerate, and ranks number one in weather news. In 2016, Allen also purchased TheGrio.com, a digital video-centric news community platform devoted to providing African-Americans with compelling stories and perspectives currently underrepresented in existing national news outlets.

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