Byron Allen Entertainment film classical MGM Byron Allen

Byron Allen's Allen Media Group Buys Two MGM TV Networks

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hollywoodreporter.com

Comic-turned-media mogul Byron Allen and his Allen Media Group have acquired MGM's over-the-air broadcast television networks This TV and Light TV.

Terms of the deal were not disclosed, but both TV nets feature a slew of MGM's film and TV titles as they broadcast for free round the clock to around 81 million domestic households via over-the-air, cable and online platforms. "We are going to continue to invest a substantial amount of capital into the programming, marketing, and distribution of these networks.

We are strong believers in broadcasting and free-streaming direct-to-consumer platforms," Allen, chairman and CEO of Entertainment Studios and the Allen Media Group, said in a statement.

Read more on hollywoodreporter.com
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