Byron Allen's Entertainment Studios Buys TheGrio
The purchase price is not being disclosed.
Tuesday, June 14, 2016 has turned out to be a momentous day for African-American-focused media properties. In addition to the revelation that Johnson Publishing recently sold Ebony and Jet magazines to a Texas-based firm, there was also the news that website TheGrio has a new owner.
From that announcement:
“We are excited to have TheGrio join Byron Allen’s ever-expanding Entertainment Studios media empire,” says David A. Wilson, co-founder and executive editor of TheGrio. “Byron shares our vision of growing TheGrio into the leading video content creator and distribution platform for African-Americans.
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