Comedian Byron Allen Buys the Weather Channel for $300 Million

Comedian and producer Byron Allen acquired the Weather Channel TV network as he looks to expand his film and TV production company into a major media business.

Allen’s Entertainment Studios Inc. bought the network from Blackstone Group, Bain Capital and Comcast Corp., according to a statement Thursday. The price was approximately $300 million, according to a person familiar with the terms who wasn’t authorized to speak publicly and asked not to be identified. That’s a fraction of what the larger company sold for a decade ago.

The deal includes the famous cable TV network, but not online assets such as the website and related mobile apps, which were acquired by International Business Machines Corp. in January 2016. In an interview on a day in which rain and snow blanketed much of the U.S., Allen said he was attracted to the reach and familiarity of the brand.

“Snowstorms, rain, mudslides, our lives and our families’ safety depend on this info,” Allen said. “When a big storm happens, it’s the Super Bowl of weather. As many as 30 million people watch.”

Allen’s company produces and syndicates TV shows and has released films, such as last year’s thriller “47 Meters Down.” It also owns and, which are distributed online and through pay-TV providers.

Allen said he want to invest more in the Weather Channel, expanding both its international and local distribution. It’s part of a broader strategy to invest what he said would be billions of dollars in the media and entertainment industry.

The Comcast-Blackstone-Bain-led group had purchased the Weather Channel in 2008 for about $3.5 billion. A spokesman for Blackstone declined to comment.

More From this publisher : HERE ; This post was curated using : TrendingTraffic


  • Become an expert on Jeeps old and new. Amaze your friends and family
  • This blueprint provides a simple and easy guide to mass marketing persuasion techniques
  • Learn how to make money online even if you can't make money online.
  • Destroy workout plateaus and trash boring and outdated interval workout with 51 news
  • Learn the secrets of a college dropout who made over 3000 in a month.
  • Copy my trading strategy that turns 1000 into 1M in 38 Trades
  • Change Your Mind, Change Your Life Influence Your Mind and Others.
  • Million dollar copywriter reveals how you can control thoughts and behaviors of others.
  • Learn how to become a freight broker or freight agent in less than 30 days
  • Search Public, State, Criminal and Arrest Records Now
  • The stunning secret of turning your wife on with the push of a button.
  • Now You Can Drop Radical Amounts of Weight, Look And Feel Like A Million-Bucks.
  • Introducing a Multi-million dollar Business Opportunity in Mobile App Development
  • Learn To Speak Clear, Neutral And Beautiful English. Work Anywhere
  • Clickbank Ads

    Recommended Products

    Zen Titan - ONE TIME Discount

    Start Profiting- Now! Limited discount. Join Now, 100% Risk-Free.

    Video Titan 3 - ONE TIME Discount

    Start Profiting With Video - Now! Limited discount. Join Now, 100% Risk-Free.

    SyndLab 25k - qt

    Page 1 Rankings For BOTH Video and Niche Sites Made EASY With Automatic Syndication!

    Comments are closed