Veteran Finance Executive To be continued to lead and implement Allen Media Group’s M&A and corporate finance initiatives
THE ANGELS, August 11, 2022 /PRNewswire/ — Byron Allen’s Allen Media Group (AMG) is proud to announce the elevation of Christopher Malone in the position of financial director. Malone was initially brought to AMG in June as executive vice president and head of corporate development, and will now assume the title of chief financial officer, a position most recently held on an interim basis by Bill Higgs, executive vice president and chief financial officer of AMG’s Weather Group division. Higgs, a sixteen-year veteran executive of the company, will continue as executive vice president and chief financial officer of AMG’s Weather Group. In his new position, Malone will continue to help lead AMG’s senior management in mergers and acquisitions efforts and other corporate strategic initiatives that include capital markets, private equity and credit. Malone will remain at AMG headquarters in Los Angeles.
CHRIS MALONE – FINANCIAL DIRECTOR, ALLEN MEDIA GROUP
Malone played an integral role in financing notable AMG transactions over the past five years, including AMG’s acquisition of The Weather Channel in 2018 and the 1 billion dollars investment by AMG to acquire 27 television stations affiliated with the ABC, NBC, CBS and FOX broadcast networks nationwide. Malone came to AMG from his most recent position as a director at Stellex Capital Management. Prior to that, Malone was a principal at Brightwood Capital and previously held investment analyst, private equity and investment banking roles at RLJ Equity Partners, William Blair, and Credit Suisse. Malone earned a Bachelor of Science in Finance Hampton University and obtained a master’s degree in Business Administration Harvard Business School.
“I’m really excited to raise Chris Malone within the Allen Media Group family to CFO, where Chris will be valuable in helping us lead our M&A efforts and other strategic financial initiatives,” he said. Byron Allen, Founder/Chairman/CEO of Allen Media Group. “Chris plays a vital role in helping Allen Media Group continue its growth trajectory and execute on the multitude of acquisition opportunities ahead of us.”
“It’s been exciting to see Allen Media Group’s strong growth over the past five years, and it’s even more exciting to join at such a dynamic time for the company,” he said. Chris Malone, Finance chief. “The industry is undergoing rapid transformation and increasing consolidation and Allen Media Group is well positioned to capitalize on this shifting paradigm given its strong and differentiated position. I look forward to continuing to work with the Allen Media Group team to execute the short. – long-term and long-term acquisition objectives.”
About Allen Media Group / Entertainment Studios
President and CEO Byron Allen founded Allen Media Group/Entertainment Studios in 1993. Based in Los Angeleshas offices in New York, Chicago, Atlantai Charleston, SC. Allen Media Group owns 27 ABC-NBC-CBS-FOX affiliate television networks in 21 US markets and twelve 24-hour HD television networks serving nearly 220 million subscribers: THE WEATHER CHANNEL, THE WEATHER CHANNEL EN ESPAÑOL, PETS.TV, COMEDY .TV, RECIPE.TV, CARS.TV, ES.TV, MYDESTINATION.TV, JUSTICE CENTRAL.TV, THEGRIO, THIS TV and PATTRN. Allen Media Group also owns the streaming platforms HBCU GO, SPORTS.TV, THE GRIO STREAMING APP, THE WEATHER CHANNEL STREAMING APP and LOCAL NOW – the free-to-air streaming AVOD service powered by THE WEATHER CHANNEL and its content partners, which offers in real time. , hyperlocal news, weather, traffic, sports and lifestyle information. Allen Media Group also produces, distributes and sells advertising for 68 television programs, making it one of the largest independent producers/distributors of first-run syndicated television programming for television stations. Allen Media Group International Television continues to extend its corporate brand and content worldwide. It currently has active programming and licensing agreements South AfricaThe United Arab Emirates, AustraliaThe bahamas, canada and New Zealand. With a library of more than 5,000 hours of proprietary content across multiple genres, Allen Media Group delivers video content to broadcast television, cable television networks, mobile devices and digital media. Our mission is to deliver great programming to our Fortune 500 viewers, online users and advertising partners.
Entertainment Studios Motion Pictures is a full-service motion picture distribution company specializing in commercial wide release content. ESMP released the highest-grossing independent film of 2017, the shark thriller 47 METERS DOWN, which grossed over 44.3 million dollars. In 2018, ESMP also released the critically acclaimed and commercially successful Western HOSTILES, the historical mystery thriller CHAPPAQUIDDICK and the 47 METERS DOWN sequel, 47 METERS DOWN: UNCAGED. Entertainment Studios Motion Pictures’ digital distribution unit, Freestyle Digital Media, is a premiere multi-platform distributor with direct partnerships on all major cable, digital and streaming platforms. Leveraging a strong infrastructure, proven track record and veteran sales team, Freestyle Digital Media is a true home for independent films.
In 2016, Allen Media Group purchased The Grio, a highly rated video-focused digital community news platform dedicated to providing African Americans with compelling stories and perspectives currently underrepresented in existing national media outlets. The Grio features aggregate and original video packages, news articles and opinion pieces on topics including breaking news, politics, health, business and entertainment. Initially launched in 2009, the platform was purchased by NBC News in 2010. The digital platform continues to focus on curating interesting digital content and currently has over 100 million annual visitors.
For more information, visit:
www.entertainmentstudios.com
SOURCE Allen Media Group
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