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Bryon Allen, a comedian-turned-business mogul, acquired the Weather Channel for $300 million through his company Entertainment Studios, according to reports.

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Last week marked the end of an era for the historic Chicago-based Johnson Publishing Co.After a 71-year run, the family-owned business has sold its iconic Ebony magazine and the now digital-only Jet magazine to Clear View Group, a private equity firm in Denton, Texas. Johnson Publishing retained ownership of Fashion Fair cosmetics and its photo...

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After a 71-year run, Johnson Publishing is getting out of publishing, selling Ebony and Jet Magazines...

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Entertainment Studios, Inc., one of the largest independent producers and distributors of first-run syndicated television programming, has acquired the digital news platform TheGrio......

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Federal regulators approved the sale of two FOX TV affiliates to Pluria Marshall Jr., president and CEO of Houston-based Marshall Broadcasting Group   ...

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Former BET chairman and CEO Robert L. Johnson announced that his company RLJ Equity Partners has purchased a Virginia-based, family-owned waste hauling company, R. Thompson Trucking.R. Thompson Trucking, which has a fleet of over 150 tractors, 100 dump trucks and 500 trailers, works with industrial recyclers and waste collection companies in...

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Len Burnett, a co-founder of Uptown Magazine, has bought back the magazine he helped launch.According to the New York Post, Burnett bought the title back from Vibe Holdings, which acquired it in 2011. The deal, which closed before the end of year is for an unspecified amount and no terms were disclosed.Burnett said his new company is backed by...

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