Started By
Message
Media mogul Byron Allen offers $10 billion to buy ABC network (owner of ESPN) from Disney
Posted on 9/15/23 at 11:37 am
Posted on 9/15/23 at 11:37 am
This would include ABC's national TV networks and several other regional stations.
ABC, of course, owns ESPN.
Byron Allen is the founder and CEO of Allen Media Group, a global media production and distribution company that owns the Weather Channel, along with several regional sports networks and broadcast TV stations.
In 1993, he founded CF Entertainment, later renamed Entertainment Studios, a division of AMG, which he built into a media empire worth roughly $1 billion through a series of acquisitions, according to the Hollywood Reporter.
In 2022, he tried to buy the Denver Broncos — a move that would have made him the first Black majority owner of an NFL franchise — but was ultimately outbid.
CBS News
ABC, of course, owns ESPN.
Byron Allen is the founder and CEO of Allen Media Group, a global media production and distribution company that owns the Weather Channel, along with several regional sports networks and broadcast TV stations.
In 1993, he founded CF Entertainment, later renamed Entertainment Studios, a division of AMG, which he built into a media empire worth roughly $1 billion through a series of acquisitions, according to the Hollywood Reporter.
In 2022, he tried to buy the Denver Broncos — a move that would have made him the first Black majority owner of an NFL franchise — but was ultimately outbid.
CBS News
8
Posted on 9/15/23 at 11:47 am to JetDawg
Buying the network is probably the only way he'd ever get a show again. His "comedy" is death.
Posted on 9/15/23 at 11:59 am to timdonaghyswhistle
quote:
Buying the network is probably the only way he'd ever get a show again. His "comedy" is death.
I also am not a fan of his comedy... but dude has been laughing to the bank. I have to applaud his business sense.
Posted on 9/15/23 at 12:03 pm to JetDawg
I could be mistaken, but I do not believe ESPN is a part of the deal. Disney has stated it is not interested in an outright sale of ESPN.
Posted on 9/15/23 at 12:08 pm to JetDawg
Isn’t he woke as frick?
Posted on 9/15/23 at 12:10 pm to JetDawg
Damn. I remember him from tv and his stand-up. I had no idea he had become so successful.
Posted on 9/15/23 at 12:54 pm to JetDawg
quote:
ABC, of course, owns ESPN.
Wrong, Disney owns ABC, certain ABC affiliates and ESPN.
ABC is a separate component. Media mogul Byron Allen has offered $10 billion to the Walt Disney Co. to purchase its ABC television network, in addition to the cable networks FX and National Geographic. The bid, which Allen's representative confirmed to CBS MoneyWatch, would include ABC's national TV network as well as several regional stations.
Posted on 9/15/23 at 1:34 pm to allin2010
Who owns any of the media companies ultimately doesn’t matter because they’re all majority owned by either Blackrock, Vanguard or State Street.
And Blackrock owns a pension fund out of California that spreads across the entire United States that the only way they could purchase it was to enable the policies of the owners throughout the entirety of the companies that they own. And since they own half the United States, it is reflected in modern media.
That’s why everything you see is woke. Because Blackrock purchased a pension fund from a bunch of f@gs.
And Blackrock owns a pension fund out of California that spreads across the entire United States that the only way they could purchase it was to enable the policies of the owners throughout the entirety of the companies that they own. And since they own half the United States, it is reflected in modern media.
That’s why everything you see is woke. Because Blackrock purchased a pension fund from a bunch of f@gs.
Posted on 9/15/23 at 1:40 pm to Vulcan Materials
quote:As someone that works in financial markets, this is the stupidest thing I’ve ever heard.
they’re all majority owned by either Blackrock, Vanguard or State Street… And Blackrock owns a pension fund out of California that spreads across the entire United States….That’s why everything you see is woke. Because Blackrock purchased a pension fund from a bunch of f@gs
Stick to what you know. What’s the obesity % of Arkansas again?
Posted on 9/15/23 at 1:41 pm to Demosthenian
Big 10 owned us. We should never have hitched our wagon to ESPN
Posted on 9/15/23 at 1:43 pm to Demosthenian
quote:
As someone that works in financial markets, this is the stupidest thing I’ve ever heard.
Sweeping up the stock ticker tape and emptying ashtrays at close of trading isn’t what most people consider working “in financial markets.”
Posted on 9/15/23 at 1:45 pm to JetDawg
quote:
Media mogul Byron Allen
He's still Byron Allen of Real People to me.
Posted on 9/15/23 at 1:52 pm to Cdawg
Honestly...how did he go from Real People to Billionaire? Is Skip Stevenson Ambassador to Luxembourg?
Posted on 9/15/23 at 1:57 pm to JetDawg
Nexstar Media Group owns 32 ABC affiliates -
Disney owns 8 - NYC Philly Raleigh Houston Chicago San Fran Fresno Los Angeles
Nexstar also owns about 38 NBC stations - 41 Fox - close to 50 CBS -
The 8 up for sale are clearly in the biggest markets - so the price will be hefty - but Nexstar can out-bid Allen if they chose to -
Disney owns 8 - NYC Philly Raleigh Houston Chicago San Fran Fresno Los Angeles
Nexstar also owns about 38 NBC stations - 41 Fox - close to 50 CBS -
The 8 up for sale are clearly in the biggest markets - so the price will be hefty - but Nexstar can out-bid Allen if they chose to -
Posted on 9/15/23 at 3:03 pm to Cdawg
quote:
He's still Byron Allen of Real People to me
You damn right!
For some reason I thought he was also on That's Incredible at some point, but I guess not.
Posted on 9/15/23 at 3:04 pm to JetDawg
how did he do it with all that racism and oppression???
Posted on 9/15/23 at 3:24 pm to Champs
quote:
how did he do it with all that racism and oppression???
Looks like someone slept through DEI class!
Lack of success is due to racism and oppression.
Success comes in spite of racism and oppression. The greater the success, the greater the racism and oppression overcome.
Moderate success is both limited by and in spite of racism and oppression.
Page 1 of 1
Popular
Back to top
Follow SECRant for SEC Football News