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Source: Paul Archuleta / Getty

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 Channel is part of a strategic business plan to invest billions over the next couple of years to pick up even more media assets. “The Weather Channel is a great fit with our portfolio. We’re going to invest to provide weather news nationally and globally,” he stated.

Make It Rain : Comedian/Producer Byron Allen Buys Weather Channel For $300 Million was originally published on globalgrind.com

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