Byron Allen Stations for Sale | Broadcast TV Assets
- Byron Allen, founder of Allen Media Group, is exploring the sale of his company's broadcast TV stations.
- Allen said the company has invested over $1 billion in acquiring these stations over the past six years.
- A sale of the Allen Media Group stations would significantly reduce its debt load.
Byron Allen’s Allen Media Group is considering selling its broadcast TV stations, a move aimed at significantly reducing teh company’s debt. The sale of these 28 stations, affiliated with major networks across 21 U.S.markets, would be managed by moelis & Co., following Allen Media’s $1 billion investment in acquisitions. Faced with rising debt risks, the company, helmed by founder Byron Allen, explores this strategic shift amid industry trends. This decision comes after multiple inquiries and offers, reflecting a broader industry realignment. Stay informed on how News Directory 3 uncovers the unfolding story behind Allen Media Group’s strategic shift, and follow as the broadcast television landscape is reshaped. Discover what’s next …
Byron Allen Explores Sale of TV Stations to Reduce Debt
Updated June 08, 2025
Byron Allen, founder of Allen Media Group, is exploring the sale of his company’s broadcast TV stations. The Allen Media Group, which owns 28 stations affiliated with major networks like ABC, NBC, CBS, and Fox across 21 U.S. markets,has retained Moelis & Co. to manage the potential sale.
Allen said the company has invested over $1 billion in acquiring these stations over the past six years. He added that the decision to explore a sale came after receiving numerous inquiries and offers for the stations. This move to sell broadcast TV stations aligns with a broader trend in the industry,as companies like Sinclair and Apollo Global Management also explore sales of their broadcast assets.
A sale of the Allen Media Group stations would significantly reduce its debt load. Earlier this year, the company refinanced a $100 million debt facility. S&P Global Ratings indicated that Allen Media Group faces future debt risks despite maintaining sufficient liquidity over the next 12 months.
Allen Media Group has faced challenges, including reported layoffs and late payments to network owners. These payments, sometimes totaling tens of millions of dollars, were up to 90 days past due, according to reports.
Allen, a former comedian, established Entertainment Studios, now Allen Media Group, in the early 1990s. since then, he has expanded his media holdings through various acquisitions. He has also expressed interest in acquiring other media assets, including a bid for Paramount Global and offers for ABC and BET Media Group.
What’s next
The potential sale of Allen Media Group’s stations could reshape the broadcast television landscape. the outcome of the sale process remains to be seen, but it signals a strategic shift for the company as it focuses on reducing debt and potentially pursuing other media opportunities.