Business
Byron Allen’s Allen Media Group signs purchase agreement for $28.5 million cash acquisition of Fox Affliate WCOV-TV
PRNewswire | Byron Allen’s Allen Media Group division Allen Media Broadcasting is proud to announce it has signed a purchase agreement for its acquisition of the Montgomery, Alabama broadcast television station WCOV-TV (Fox 20) – UHFdigital channel 22 – from David Woods and his Woods Communications Corporation for US$28.5 million in cash.
This acquisition is expected to close in 2022.
Upon closing, Allen’s acquisition of WCOV-TV will increase the number of broadcast television stations owned and/or operated by his Allen Media Broadcasting to 36 stations across 21 U.S. broadcast television markets. The WCOV-TV digital signal is multiplexed, with channel 20.1 designated as Fox, channel 20.2 designated as Antenna TV, and channel 20.3 designated as THIS TV.