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Entertainment Studios Acquires 11 TV Stations from USA TVE for USD 305m
Friday 14 February 2020

14 February 2020 - California-based film and television producers and distributors Entertainment Studios has closed on the acquisition of 11 broadcast television stations from USA Television Holdings LLC and USA Television MidAmerica Holdings LLC (collectively, USA TV) for USD 305m, the company said. 
Byron Allen's Allen Media Broadcasting division has acquired the following broadcast television stations: Allen's continued expansion into broadcast television further extends the global reach of its programming and content.
The addition of the USA TV portfolio grows the Allen Media Broadcasting group to 15 television stations across 11 US markets, and allows Allen Media Group to reach a broader audience, while strategically positioning the company across broadcast television, cable networks, and digital media platforms.
Entertainment Studios/Allen Media produces, distributes and sells advertising for 64 television programmes, and provides video content to broadcast television stations, cable television networks, mobile devices, multimedia platforms, and the World Wide Web.
Date Published: 14/02/2020
Target: 11 broadcast television stations
Country: USA
Deal Size: 305m (USD)
Sector: Media
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: USA,  Television Holdings LLC and USA Television MidAmerica Holdings LLC
Buyer: Entertainment Studios