US EditionAllen Media Group Looks to Sell Television Stations, Including WTVA
- Byron Allen's Allen Media Group announced in June 2025 it plans to sell its 28 local TV stations across 21 U.S. Markets.
- The sale follows AMG's six-year investment exceeding one billion dollars to acquire major network-affiliated stations amid media market challenges.
- AMG has hired investment firm Moelis & Company to market the stations and explore financial alternatives to maximize asset value.
- Byron Allen mentioned that they have attracted a variety of proposals and communications regarding most of their local TV stations, and he believes it is an appropriate moment to consider monetizing this valuable asset.
- AMG intends to use sale proceeds to significantly reduce outstanding debt, aiming to improve its financial position amid a shifting media landscape.
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24 Articles
The Metropolis Planet
WPSD Local 6Allen Media Group to sell WSIL in debt reduction effort
Allen Media Group has retained a financial adviser to assist in the sale of its television stations in 21 markets, TVNewsCheck reported Monday. One station set to be sold is ABC affiliate WSIL-TV 3 in Carterville.
Broadcasting company looks to sell 28 TV stations, including two in Alabama
Allen Media Broadcasting is currently exploring the sale of its 28 broadcast television stations, two of which are located in Alabama.“Six years ago, Allen Media Group began the process of investing over one billion dollars to acquire big four network-affiliated television stations,” Chief Executive Byron Allen said in a recent release.
The media tycoon Byron Allen has made the decision to sell his network of affiliated television stations. To do this, he has hired the investment banking firm Moelis & Co. The news came from Allen Media Group, which made the official announcement on Monday morning. According to the original report, the measure arises after having invested more than $1,000 million buying stations in smaller markets for six years. Debt reductionAllen has been clea…
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