Veteran Finance Government Will Proceed to Lead and Implement Allen Media Group’s Mergers & Acquisitions and Company Finance Initiatives
LOS ANGELES, Aug. 11, 2022 /PRNewswire/ — Byron Allen’s Allen Media Group (AMG) proudly pronounces the elevation of Christopher Malone to the place of Chief Monetary Officer. Malone was initially delivered to AMG in June as Government Vice President and Head of Company Improvement, and can now assume the Chief Monetary Officer title — a place not too long ago held on an interim foundation by Invoice Higgs, Government Vice President and Chief Monetary Officer of AMG‘s Climate Group division. A sixteen-year veteran govt with the corporate, Higgs will proceed as Government Vice President and Chief Monetary Officer of AMG‘s Climate Group. In his newly-elevated place, Malone will proceed to assist lead AMG senior administration in M&A efforts and different company strategic initiatives encompassing capital markets, personal fairness, and credit score. Malone will stay primarily based on the AMG headquarters in Los Angeles.
Malone performed an integral function in financing notable AMG transactions over the previous 5 years, together with the AMG acquisition of The Climate Channel in 2018, and the approximate $1 billion funding by AMG to accumulate 27 ABC, NBC, CBS, and FOX broadcast network-affiliated tv stations nationwide. Malone got here to AMG from his latest place as a Principal with Stellex Capital Administration. Previous to that, Malone was a Director at Brightwood Capital and beforehand held Funding Analyst, Personal Fairness, and Funding Banking positions at RLJ Fairness Companions, William Blair, and Credit score Suisse. Malone earned a Bachelor of Science diploma in finance from Hampton College and earned a Grasp of Enterprise Administration from Harvard Enterprise Faculty.
“I’m very excited to raise Chris Malone throughout the Allen Media Group household to Chief Monetary Officer, the place Chris shall be priceless in serving to to guide our M&A efforts and different strategic monetary initiatives,” mentioned Byron Allen, Founder/Chairman/CEO of Allen Media Group. “Chris performs an important function in serving to Allen Media Group proceed its trajectory of progress and execute on the big variety of acquisition alternatives in entrance of us.”
“It has been thrilling to see the sturdy progress of Allen Media Group over the previous 5 years and it’s much more thrilling to hitch at such a dynamic time for the corporate,” mentioned Chris Malone, Chief Monetary Officer. “The trade is experiencing fast transformation in addition to elevated consolidation and Allen Media Group is well-positioned to capitalize on this altering paradigm given its sturdy and differentiated place. I sit up for proceed working with the Allen Media Group group to execute on the short-term and long-term acquisition targets.”
About Allen Media Group / Leisure Studios
Chairman and CEO Byron Allen based Allen Media Group/Leisure Studios in 1993. Headquartered in Los Angeles, it has workplaces in New York, Chicago, Atlanta, and Charleston, SC. Allen Media Group owns 27 ABC-NBC-CBS-FOX community affiliate broadcast tv stations in 21 U.S. markets and twelve 24-hour HD tv networks serving practically 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 additionally owns the streaming platforms HBCU GO, SPORTS.TV, THE GRIO STREAMING APP, THE WEATHER CHANNEL STREAMING APP and LOCAL NOW–the free-streaming AVOD service powered by THE WEATHER CHANNEL and content material companions, which delivers real-time, hyper-local information, climate, site visitors, sports activities, and life-style data. Allen Media Group additionally produces, distributes, and sells promoting for 68 tv applications, making it one of many largest unbiased producers/distributors of first-run syndicated tv programming for broadcast tv stations. Allen Media Group Worldwide Tv continues to increase its company branding and content material across the globe. It presently has energetic license agreements and programming in South Africa, The United Arab Emirates, Australia, The Bahamas, Canada and New Zealand. With a library of over 5,000 hours of owned content material throughout a number of genres, Allen Media Group supplies video content material to broadcast tv stations, cable tv networks, cellular gadgets, and multimedia digital. Our mission is to offer wonderful programming to our viewers, on-line customers, and Fortune 500 promoting companions.
Leisure Studios Movement Footage is a full-service, theatrical movement image distribution firm specializing in huge launch industrial content material. ESMP launched 2017’s highest-grossing unbiased film, the shark thriller 47 METERS DOWN, which grossed over $44.3 million. In 2018, ESMP additionally launched the critically-acclaimed and commercially profitable Western HOSTILES, the historic mystery-thriller CHAPPAQUIDDICK and the sequel to 47 METERS DOWN, 47 METERS DOWN: UNCAGED. The digital distribution unit of Leisure Studios Movement Footage, Freestyle Digital Media, is a premiere multi-platform distributor with direct partnerships throughout all main cable, digital and streaming platforms. Capitalizing on a strong infrastructure, confirmed observe report and a veteran gross sales group, Freestyle Digital Media is a real dwelling for unbiased movies.
In 2016, Allen Media Group bought The Grio, a highly-rated digital video-centric information neighborhood platform dedicated to offering African-People with compelling tales and views presently underrepresented in present nationwide information retailers. The Grio options aggregated and authentic video packages, information articles and opinion items on subjects that embody breaking information, politics, well being, enterprise and leisure. Initially launched in 2009, the platform was then bought by NBC Information in 2010. The digital platform stays targeted on curating thrilling digital content material and presently has greater than 100 million annual guests.
For extra data, go to:
www.entertainmentstudios.com
SOURCE Allen Media Group
