Allen's company, Allen Media Group, would finance the deal with a combination of equity and debt. : Comedian-turned-media-mogul Byron Allen has submitted an all-cash offer to buy TV station owner Tegna Inc. for $8.5 billion, including debt, a person familiar with the matter said Wednesday. Allen’s Los Angeles company, Allen Media Group, offered $20 a share for Tegna, one of the largest TV station owners in the U.S. Tegna owns 62 television stations in large and medium-size markets, including San Diego, Sacramento, Seattle and Phoenix.