Byron Allen is acquiring Honolulu ABC affiliate KITV from SLJ Broadcasting for $30 million.This puts his Allen Media Group as owning and operating big-four network affiliates to 16 stations in 12 markets.
According to TheGrio Allen has been growing AMG rapidly and made no secret of his desire to expand his already sizable media empire. In February, he closed a deal to acquire 11 broadcast television stations from USA Television for over $300 million. Last summer, Allen personally partnered with the Sinclair Broadcast Group to acquire 21 regional sports networks (RSNs) from Walt Disney/Fox (when they merged) for $10.6 billion.
