Cynthia Littleton Business EditorByron Allen’s Allen Media Group has added another TV station to its broadcasting holdings with the purchase of Fox affiliate WCOV-TV in Montgomery, Ala.Allen Media Group paid $28.5 million in cash to Woods Communications for the station, which offers some 16 other channel feeds in addition to Fox through its multicast channels.
The acquisition will bring Allen Media Group’s TV station holdings to 36, after a buying spree in recent years.“WCOV-TV is an excellent asset and has been extremely well-managed for decades by the Woods family, who I’ve known for over 35 years,” said Byron Allen, chairman-CEO of Allen Media Group.
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