Byron Allen Buys The Weather Channel

Source: Paul Archuleta / Getty

We need to put way more respect on Byron Allen’s name. The comedian turned mogul just purchased The Weather Channel.

Follow @TheRSMS

Yeah.

Reports Deadline:

Byron Allen continues to expand his Entertainment Studios media holdings with the purchase of The Weather Channel basic cable TV network. Through his company Allen Media, Allen has acquired the Weather Group, parent company of The Weather Channel TV network and Local Now streaming service, from The Blackstone Group, Bain Capital and Blackstone Group and Comcast/NBCUniversal.

No dollar figure has been revealed, but according to sources the purchase price was around $300 million.“The Weather Channel is one of the most trusted and extremely important cable networks, with information vitally important to the safety and protection of our lives,” said Byron Allen, Founder, Chairman, & CEO of Entertainment Studios. “We welcome The Weather Channel, which has been seen in American households for nearly four decades, to our cable television networks division. The acquisition of The Weather Channel is strategic, as we begin our process of investing billions of dollars over the next five years to acquire some of the best media assets around the world.”

Cable and network TV is only of Allen’s myriad of ventures, including producing and distributing films.

Respect.

The Latest:

• 50 Cent Responds to Critics Calling Him Petty for Producing Diddy Doc
• The Game Claims He’s the Best Rapper on the West Coast: “Nobody Can Out-Rap Me”
• The Sexiest Men Of The Year: A Gallery Celebrating Their Style & Black Excellence
• ‘Unhinged & Immoral’ Hosts Jamila Bell & Mecca Evans Explain Their Podcast’s Potent Mix Of Pop-Culture, Cackles & Pure Personality [Exclusive]
• Rich Paul Blasts Lakers As Not “Good Enough” To Win A Championship, Social Media Reacts

SEE ALSO

• Urban One Radiothon For St. Jude Kids Raises $1.6 Million
• Rest In Power: Notable Black Folks Who We’ve Lost In 2025
• The 50 Hottest, Flyest & Sexiest Looks from Beyoncé’s ‘Cowboy Carter’ Tour
• US Embassy Official Told Trump’s South African Refugee Program Is For White People Only, New Report Says
• Celebs Who Turn 50 This Year

Celebrities On Instagram (3/10 – 3/16) [PHOTOS]

15 photos

Byron Allen Buys The Weather Channel was originally published on hiphopwired.com