, a free streaming service called Local Now and local television stations. Among its portfolio are 16 television stations affiliated with the major networks, ABC, NBC, CBS and Fox. He owns a network affiliate in California that serves Chico and Redding. He also has a station in Eugene, Ore., and one in Honolulu.
“Over the past year-and-a-half, we’ve invested close to $1 billion to acquire best-in-class, top-tier, broadcast network affiliates,” Allen said in a statement. “We plan to invest approximately 10 billion dollars to acquire more ABC, CBS, NBC and FOX television stations over the next two years with the goal of being the largest broadcast television group in America.
“All of our media assets, including these broadcast television stations, will work in concert to amplify our free-streaming service, Local Now,” Allen said. The Los Angeles entrepreneur has been steadily expanding his empire. He also brought a high-profile legal case against two of the nation’s largest pay-TV distributors,
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