The Weather Channel

Byron Allen's company acquires Weather Channel in $300-million deal

Byron Allen's company acquires Weather Channel in $300-million deal

Byron Allen, the comedian-turned-media entrepreneur, has acquired the Weather Channel cable network as he seeks to build his TV and film business, he announced Thursday.

Allen’s Los Angeles-based media company, Entertainment Studios, purchased Weather Group, the parent company of the Weather Channel and Local Now streaming service, for $300 million, according to a person familiar with the terms who was not authorized to comment publicly. It’s the largest acquisition in Entertainment Studios’ history.

The Weather Channel is based in Atlanta and has 400 employees. Entertainment Studios had been seeking a deal for about a year, and talks got serious in the last three to four...

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