Byron Allen's Bid to Buy ABC Networks

In this podcast episode, Byron Allen discusses his offer to buy ABC networks and other channels from Disney. As the founder and CEO of Allen Media Group, Allen emphasizes the value of broadcast television and believes it is a great business that is often underestimated. He highlights the success of his acquisition of the Weather Channel and the importance of covering climate change and global warming in media. Allen expresses his interest in ABC and other networks due to their strong presence in local news and sports, which he believes will always be in demand. He also discusses the challenges tech companies and private equity firms face in owning and operating national news services. While the conversations with Disney are still preliminary, Allen is determined to pursue the deal and build the world's largest media company.