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.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in