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Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Discussion pertaining to Detroit, Ann Arbor, Port Huron, and SW Ontario
blizzard
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Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by blizzard » Thu Jul 15, 2021 1:17 pm

Last edited by blizzard on Thu Jul 15, 2021 1:20 pm, edited 1 time in total.



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RayQix
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by RayQix » Thu Jul 15, 2021 1:19 pm

I saw this pop up on my phone and I went…. “Real people” dude…… is a Media Mogul.

Wow…… that’s big time :-)


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blizzard
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by blizzard » Thu Jul 15, 2021 1:25 pm

RayQix wrote:
Thu Jul 15, 2021 1:19 pm
I saw this pop up on my phone and I went…. “Real people” dude…… is a Media Mogul.
Now he is the "Funny You Should Ask" Dude... :hat



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RayQix
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by RayQix » Thu Jul 15, 2021 1:26 pm

He’s been doing what I thought was “minor tv shows” over the last 20+ years.

Shows what I know. ;-)


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senpaisai
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by senpaisai » Thu Oct 21, 2021 9:39 am

Wait a ... what the ... :shock: ... he's owned The Weather Channel since 2018?!? :shock:



SixPlusOne
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by SixPlusOne » Thu Oct 21, 2021 10:09 am

blizzard wrote:
Thu Jul 15, 2021 1:17 pm
https://ww.freep.com
Real link to the story:

https://www.freep.com/story/money/busin ... 973877002/



km1125
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by km1125 » Thu Oct 21, 2021 10:26 am

senpaisai wrote:
Thu Oct 21, 2021 9:39 am
Wait a ... what the ... :shock: ... he's owned The Weather Channel since 2018?!? :shock:
I think The Weather Channel is a shell of what it used to be. IIRC, when IBM bought a chunk of the company it was split up and IBM ended up with basically all the "back end" of the operations and Byron just got the broadcasting portion.



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Bull Shannon
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by Bull Shannon » Thu Oct 21, 2021 12:33 pm

km1125 wrote:
Thu Oct 21, 2021 10:26 am
senpaisai wrote:
Thu Oct 21, 2021 9:39 am
Wait a ... what the ... :shock: ... he's owned The Weather Channel since 2018?!? :shock:
I think The Weather Channel is a shell of what it used to be. IIRC, when IBM bought a chunk of the company it was split up and IBM ended up with basically all the "back end" of the operations and Byron just got the broadcasting portion.
NBC Universal (along with Blackstone Group and Bain Capital) bought The Weather Channel in its entirety from founding owner Landmark Communications in 2008. In 2016, they sold all of TWC's non-broadcasting assets to IBM, then sold the network to Allen in 2018.



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Lester The Nightfly
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by Lester The Nightfly » Thu Oct 21, 2021 7:56 pm

He (or rather his media company) was also part of the deal with Sinclair Broadcast in the 2019 purchase of the FOX Sports Networks in Disney's deal acquiring 20th Century Fox. His estimated net worth is around $400M. A Hollywood force/player of the highest order and a long ways from his days working in Jimmy Walker's writing room alongside Jay Leno and David Letterman.



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TC Talks
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by TC Talks » Thu Oct 21, 2021 8:50 pm

Lester The Nightfly wrote:
Thu Oct 21, 2021 7:56 pm
A long ways from his days working in Jimmy Walker's writing room alongside Jay Leno and David Letterman.
Financially, he's remains in third place.

This deal reminds me of a local guy DuJuan McCoy purchasing WISH and WNDY in Indiana for 43 million in 2019. Why was WJRT so much more? It doesn't make sense.


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MasterB
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by MasterB » Fri Oct 22, 2021 1:21 am

Byron Allen may be buying TEGNA he has upped his bid if TEGNA does sell. Allen Media could be the new owner of WZZM in West Michigan.


Go Pistons, Let's Go Redwings.

Bobbert
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by Bobbert » Fri Oct 22, 2021 11:03 am

He also knows how to play the race game to get a bigger piece of the pie:

https://www.freep.com/story/money/cars/ ... 097902001/



Gertner
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by Gertner » Fri Oct 22, 2021 12:52 pm

His shows are SO bad



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WOHO
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by WOHO » Fri Oct 22, 2021 3:07 pm

Well, what's next for Byron Allen, if he has WJRT, then he should be tendering an offer to Grey for WTVG as well as they were both twin stations at one time to take-over and backup if a coup occurred at WXYZ-TV with network affiliations and sales (which never did happen in the end)



tivoking
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Re: Media mogul Byron Allen pays $70M for Michigan TV station WJRT

Post by tivoking » Mon Oct 25, 2021 10:05 am

He still does the late night show with comedians.



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