Byron Allen’s Entertainment Studios Buys Weather Channel For $300 Million Comedian/Producer Byron Allen’s “Entertainment Studios” has bought The Weather Channel for a reported $300 million. The Weather Channel was once owned by NBCUniversal along with private equity firms Bain Capital and Blackstone Group ten years ago for $3.5 billion. Allen said that buying The Weather […]

So Beautiful

It’s been an eventful week for Black media, with outlets including Ebony, Jet and Grio all selling to new ownership. First up, Johnson Publishing sold Ebony (est. 1945) to a large Texas equity firm, Clear View Group according to an announcement Tuesday. Likewise, sister publication Jet magazine (est. 1951) has also been sold, although it has […]

National

TV One saw a major leap in its ratings when the network aired its first feature film Love Under New Management: The Miki Howard Story. According to the network, the movie – which premiered on June 12 – broke record ratings and became the top original movie in network history. It drew in 2 million […]