Comedian and successful entrepreneur Byron Allen is looking to expand his extensive empire by pursuing a purchase of several 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 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 attempted to bring the BET Network back under Black ownership several months ago when he, Tyler Perry, Sean “Diddy” Combs, and others tried to purchase the network from Paramount. After toying with the idea for several months, the company decided not to sell BET to anyone.
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 it centers specifically on ABC’s broadcast network, FX and National Geographic.
According to the outlet, the Allen Media Group recently brought back two
recently canceled courtroom favorites and 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 eight court shows – who are the best of the best,” Mathis said before his show went on air.
The court shows debuted on Monday, Sept. 11, 2023.