Byron Allen buys Weather Channel for $300 million

[Secure Da Bag]

Its like you only allowed that kinda paper or power if you marry white.

That seems to be the trend

 

[hayesc0]

Channel low-key ain't what it was a decade ago so he got it on pennies on the dollar. He can easily change some shyt up and flip that quick or hold on to the value.

I would imagine the channel will be re branded before he done.

 

[richaveli83]

#blackboymagic

 

[duckbutta]

Got any links on what you read?

Don't really feel like looking it up...

But he makes his money by giving away his shows to networks for free BUT he gets 50% of the ad time and add revenue...

So for example lets say he has a Judge Joey show...

He will just let a station air that show for free...any station...doesn't matter...

But...in return for airing that show for free...he is getting 50% of the ad time...and raking in the money from that ad time...

The money he rakes in from ad's is WAY more than the money he is spending to produce these shows...

He's getting a minimum of a few 100 per add...and getting half of the add time might get you say 8 commercials...so say you are getting 300 per commercial and you got 8 commercials...and you get this for every show...and you got 6 networks that this show is on...and the show is on 5 days a week...so that is 300X8X6X5...and that is what you are making...EVERY WEEK...

And that "minimum of a few 100" is conservative...like i know one while if you wanted to attach a commercial to The Big Bang Theory...that shyt was costing over 300k...cause so many people were watching that show...

That is 1 show... imagine if you got 2 back to back...

Imagine if you got 3 back to back to back?

 

[Lifejennings]

It's too bad that in less than two generations it'll all be back in the hands of whites.

 

[MewTwo]

Black guy making power moves like that......gotta assume he's put under close observation by his white counterparts. He's gonna mysteriously fall down the stairs or die of a heart attack despite being in good health.

 

[☑︎#VoteDemocrat]

The both have white wives

Robert Smith remarried.

 

[Kings County]

This is what a black man with real financal power looks like. Not some clown rapper with a hundred gold chains on.

facts
and nikkas call u a c00n when u say a rapper spending a million on a piece of jewelry is dumb shyt

 

[Paradise50]

It's too bad that in less than two generations it'll all be back in the hands of whites.

was waiting on this...hopefully his mulattos are militant

 

[YourMumsRoom]

The both have white wives

I ain't ask if you wanted to marry them did I?

Look, the focus is wrong. We retell these stories on here to inspire us to reach for the same heights, not critique from behind a screen. How would the race of his wife make YOU rich??

 

[nyknick]

Byron Allen's story is amazing. Dude was a terrible comic, but due to sheer grind he made himself a media mogul. And he's doing it quietly with no media fanfare and promotion (can't have you nikkas getting any ideas).

People probably know him from that terrible Comics Unleashed show or that fugazi interview show where he takes interviews from press junkets and makes it looks like they're real interviews

But he has $300 million on hand to buy the Weather Channel

 

[ATownD19]

I ain't ask if you wanted to marry them did I?

Look, the focus is wrong. We retell these stories on here to inspire us to reach for the same heights, not critique from behind a screen. How would the race of his wife make YOU rich??

Looks like I touched a nerve

 

[Buck Seventy]

Robert Smith remarried.

To a white woman.

 

[shopthatwrecks]

Comedian Byron Allen Buys the Weather Channel for $300 Million

Comedian and producer Byron Allen acquired the Weather Channel TV network as he looks to expand his film and TV production company into a major media business.



Allen’s Entertainment Studios Inc. bought the network from Blackstone Group, Bain Capital and Comcast Corp., according to a statement Thursday. The price was approximately $300 million, according to a person familiar with the terms who wasn’t authorized to speak publicly and asked not to be identified.



The deal includes the famous cable TV network, but not the online assets such as the website Weather.com and related mobile apps, which were acquired by International Business Machines Corp. in January 2016.



“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,” Allen said in the statement.



Allen’s company produces and syndicates TV shows and has released films, such as last year’s thriller “47 Meters Down.”

The Comcast-Blackstone-Bain-led group had purchased the Weather Channel in 2008 for about $3.5 billion.

waste money on a channel that relys on educated guesses brehs

 

[Momentum]

Mitt Romney (Bain) took that billion dollar L and a brother came up

That's how you do it.