Byron Allen's Allen Media Group Buys Two MGM TV Networks

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The media mogul's growing film and TV portfolio now includes the over-the-air broadcasters This TV and Light TV reaching 81 million households.

Comic-turned-media mogul Byron Allen and his Allen Media Group have acquired MGM's over-the-air broadcast television networks This TV and Light TV.

"We are going to continue to invest a substantial amount of capital into the programming, marketing, and distribution of these networks. We are strong believers in broadcasting and free-streaming direct-to-consumer platforms," Byron Allen, chairman and CEO of Entertainment Studios and the Allen Media Group, said in a statement.

 

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