Byron Allen's Buy of Bayou City Stations Likely to Pass Regulatory Muster, CEO Predicts
Byron Allen-owned content company Entertainment Studios will become a broadcaster through buying Bayou City Broadcasting’s four TV stations in Evansville, Indiana, and Lafayette, Louisiana, said a news release Tuesday. Allen recently partnered with Sinclair in a $10.6 billion deal for…
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regional sports networks (see 1905030059) and is buying the stations through subsidiary Allen Media Broadcasting. Though the deal includes all of Bayou City’s stations, Bayou City CEO Dujuan McCoy will remain in broadcasting through the pending Nexstar/Tribune deal, which if approved will include the sale of divestitures in Indiana to his company Circle City Broadcasting (see 1904080046). Since Allen is a “new entrant” to broadcasting and the deal won’t involve any overlaps, it’s not likely to be held up by regulators, McCoy said in an interview. Since McCoy is staying in the industry, the deal also increases the amount of TV stations with a minority owner, he pointed out. Bayou City's stations are Evansville's WEVV-TV and WEEV and KLAF-LD and KADN-TV in Lafayette, the release said.