Under the Entertainment Studios Networks division, it also operates a group of digital cable and satellite channels, which broadcast a mix of original programs and the company's syndicated content.
[10][11] Following a similar business model to BYCA, Allen was able to succeed where he had failed before by focusing on producing low-cost, syndicated non-fiction programming, including interview series and court shows (largely scripted from actual testimony).
[12] In June 2016, Entertainment Studios acquired TheGrio, a news website focusing on stories of interest to African Americans.
The actual value was undisclosed, but was reported to be around $300 million; the channel's non-television assets, which were separately sold to IBM two years prior, were not included in the sale.
[3] In September 2018, Entertainment Studios announced that it had arranged $500 million worth of credit facilities through Deutsche Bank Securities, Jefferies Financial Group, Brightwood Capital Advisors and Comerica.
[23] On May 6, 2019, Entertainment Studios announced that it would expand into television station ownership by establishing the new unit, Allen Media Broadcasting.
In June 2020, Comcast agreed to carry Entertainment Studios' Comedy.TV, JusticeCentral.TV, Recipe.TV, and The Weather Channel, and to retransmission consent for the Allen Media Broadcasting television stations, as part of a settlement of the Supreme Court racial discrimination lawsuit.
[24] In May 2021, Allen sued fast food chain McDonald's for $10 billion, alleging that the company "intentionally discriminated against Entertainment Studios and Weather Group through a pattern of racial stereotyping and refusals to contract" for advertising across its properties.
[25][26] In July 2022, Allen Media Group acquired Black News Channel out of bankruptcy from Shahid Khan for $11 million;[27] it was discontinued as a separate service, with its carriage merged into TheGrio.TV.
[28][29] Beginning in late April 2024, Allen Media Group laid off about 300 employees, or around 12 percent of its staff, throughout all of its operating divisions.
[31][32] However, due to public feedback, Allen Media Group quickly changed its plan and will retain some local meteorology teams.
[33] Entertainment Studios has historically been known for its syndicated programs, which are distributed using a bartered model that does not require stations to pay a rights fee.
The company sells national advertising inventory guaranteeing an audience in aggregate across all of its programs, and shares the revenue with stations.
[35] These practices have allowed some of Entertainment Studios programs to bring in sizable amounts of advertising revenue, even with clearances in lesser-viewed time slots such as late night, or without having produced new episodes in an extended period.
[34] Allen Media Broadcasting, LLC is an American television station operating company owned by Entertainment Studios.
[49] On December 15, 2021, it was announced that Allen Media would purchase WCOV-TV, WIYC and WALE-LD, all serving Montgomery, Alabama, from Woods Communications Corporation for $28.5 million, pending FCC approval; at the time, the deal was expected to close in the first half of 2022.