Byron Allen buys The Weather Channel. $300 mil

Bliss

Bliss

Well-Known Member
Big move. Awesome!

4A7A3D7100000578-0-image-a-5_1521813982886.jpg

Like A Boss! :cool:
  • Allen describes the channel as the number one weather news network in the U.S.
  • He said the purchase of the Weather Group was completed Thursday morning
  • 'We're just going to invest more to position it for greater success,' he said
  • The channel is available in more than 80 million North American homes
http://www.dailymail.co.uk/news/art...ght-300-million-entrepreneur-Byron-Allen.html
 
This headline is very misleading. I'm sure it was a joint effort its like when they said Jay-Z bought the nets no he bought an 8 percent share. Guess anything to generate clicks and shares
 
The Dark King said:
This headline is very misleading. I'm sure it was a joint effort its like when they said Jay-Z bought the nets no he bought an 8 percent share. Guess anything to generate clicks and shares
Click to expand...


I don't know how the TWC purchase was financed, but I think its purchase by Allen was a solo deal via his television production company, Entertainment Studios.

Allen in a somewhat lowkey way is trying to become the modern Ted Turner of cable television, more impressive because Allen started off as a comic and didn't come from a wealthy background.
 
andreboba said:
I don't know how the TWC purchase was financed, but I think its purchase by Allen was a solo deal via his television production company, Entertainment Studios.

Allen in a somewhat lowkey way is trying to become the modern Ted Turner of cable television, more impressive because Allen started off as a comic and didn't come from a wealthy background.
Click to expand...
Interesting
 
Skaddix said:
Number One? Do we even have another Weather Channel? Besides Local News Weather Report.
Click to expand...
#1 in that more people tune to TWC to get their weather than any other station, local or national. Al Rocker is famous for what? National Weather reporting. TWC outrates him and all others.

The Dark King said:
This headline is very misleading. I'm sure it was a joint effort its like when they said Jay-Z bought the nets no he bought an 8 percent share. Guess anything to generate clicks and shares
Click to expand...
No joint effort at all. His Company bought TWC. Its in the link.
Years ago, I used to watch him host a show with him interviewing famous people and the closing credits said 'A Byron Allen Production'. He knows, like owning the rights to music and movies, owning/producing is where the money is.
No one questions when Oprah (Harpo) buys a channel.
I've always loved this man.
 
Bliss said:
#1 in that more people tune to TWC to get their weather than any other station, local or national. Al Rocker is famous for what? National Weather reporting. TWC outrates him and all others.


No joint effort at all. His Company bought TWC. Its in the link.
Years ago, I used to watch him host a show with him interviewing famous people and the closing credits said 'A Byron Allen Production'. He knows, like owning the rights to music and movies, owning/producing is where the money is.
No one questions when Oprah (Harpo) buys a channel.
I've always loved this man.
Click to expand...
Just wasn't aware he had that kind of wealth good for him. Also rarely do companies go into ventures like this alone its all about mitigating risk.
 
Bliss said:
Big move. Awesome!

4A7A3D7100000578-0-image-a-5_1521813982886.jpg

Like A Boss! :cool:
  • Allen describes the channel as the number one weather news network in the U.S.
  • He said the purchase of the Weather Group was completed Thursday morning
  • 'We're just going to invest more to position it for greater success,' he said
  • The channel is available in more than 80 million North American homes
http://www.dailymail.co.uk/news/art...ght-300-million-entrepreneur-Byron-Allen.html
Click to expand...
andreboba said:
I don't know how the TWC purchase was financed, but I think its purchase by Allen was a solo deal via his television production company, Entertainment Studios.

Allen in a somewhat lowkey way is trying to become the modern Ted Turner of cable television, more impressive because Allen started off as a comic and didn't come from a wealthy background.
Click to expand...
The Dark King said:
Interesting
Click to expand...
RicardoCooper said:
Back in the 80s when he was on "Real People" people called him an Oreo.

Whenever black people call you an Oreo, coon, or (modern version) say you're in the "sunken place," you're winning.

His company also bought this yet to be released Keanu Reeves movie for $4M.

http://variety.com/2017/film/markets-festivals/keanu-reeves-1202551726/
Click to expand...

Byron had a good hour & 15 minutes interview with The Breakfast Club yesterday:


 
Have been following this, because Comcast, who owns NBC and MSNBC, are supposedly "woke" but have allegedly iced Allen out.

Comcast's appeal hearing to The SCOTUS was scheduled for today, though not sure how it proceeded with Bader-Ginsberg calling out sick with a stomach virus.

In any event, the judges said they'd eventually have to put aside Byron's initial attempt to proceed, which was allowed through in error by the 9th Circuit, in order for them to address his core complaint --which is that he is being discriminated against.

Both Comcast and rival Charter are calling foul saying his content sucks. At stake here is $30 billion and an access demand to many millions of viewers.

Keep in mind that Comcast did approve Magic Johnson's channel and P-Diddy's channel.

Byron's comment today..

"... We are very pleased with the ruling by the Ninth Circuit to uphold their decisions in our favor for a second time. If Comcast and Charter want to pursue the Supreme Court, we are highly confident that the Supreme Court will affirm the Ninth Circuit and support these historic legal decisions. Unfortunately, Brian Roberts of Comcast and Tom Rutledge of Spectrum/Charter have refused my offers to sit down to discuss these very serious matters. Now, we have no choice but to enter the discovery phase to depose all of their executives and business associates, as well as receive all of their correspondence/emails and contracts, to prove our cases in front of a jury..."


More:
https://deadline.com/2019/02/byron-...-charter-comcast-us-appeals-court-1202505088/
 
I heard he just did a GREAT interview with Roland Martin:

Byron Allen's racial discrimination case against Comcast came before the Supreme Court on Wednesday.

At issue is whether Allen's $20 billion lawsuit should have survived beyond the pleading stage by merely proving that his race was a "motivating factor" in Comcast's decision to deny carriage of his company's channels.

The Ninth Circuit ruled in favor of Allen last year, and some of the justices found fault with the lower court's reasoning.

Allen, CEO of Entertainment Studios joined Roland Martin in studio to discuss his $20 billion suit against Comcast and the Supreme Court hearing where he presented his case against the cable giant.
Click to expand...
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom