The Atlanta-based Weather Channel is reportedly moving under a new umbrella.

Media mogul Byron Allen made a deal through his Los Angeles-based Entertainment Studios to buy the television network and Local Now streaming service, but not its digital networks. Terms of the deal were not reported, though the Hollywood Reporter cited a source estimating the deal in the $300 million range.

The Blackstone Group, Bain Capital and Comcast/NBCUniversal (NASDAQ: CMCSA) bought the Weather Channel in 2008…


Atlanta Business Journal
Media mogul buys Weather Channel TV Network

Stay Current On Entrepreneurship

One email per week, all the latest content from the top rising business owners