Byron Allen acquires Weather Channel from Comcast
Details
Michelle Clancy
| 26 March 2018

Byron Allen’s Entertainment Studios, an independent producer and distributor of film and television, has acquired Weather Group, parent company of the Weather Channel television network in the US.


The deal also includes the Local Now streaming service.

Allen made the purchase through his company, Allen Media LLC, from The Blackstone Group, Bain Capital and Comcast/NBCUniversal.

Allen’s expansion into live and local cable news is the latest step Entertainment Studios has taken in further expanding the global reach of its programming and content. The Entertainment Studios divisions now include broadcast television syndication, production and distribution of more than 41 programmes, eight 24/7 cable television networks, theatrical motion picture production, acquisition and distribution, digital movie acquisition and distribution, and global news publishing.

The Weather Channel is one of the largest cable television networks not owned by a major conglomerate, and ranks number one in weather news.

“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 Allen. “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.”