Tyler Perry Buys 2 Networks

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Tyler Perry Buys 2 Networks: A Media Empire Expands



Introduction: The entertainment world recently witnessed a seismic shift as prolific filmmaker, actor, and producer Tyler Perry significantly expanded his media empire. This post delves into the details of Perry's acquisition of two major networks, exploring the implications for his already substantial influence in Hollywood and the broader landscape of Black representation in media. We'll dissect the financial aspects, the strategic reasoning behind this bold move, and what it means for the future of television programming. Get ready to explore the expanding world of Tyler Perry's media dominance.


The Acquisition: Details and Implications



Tyler Perry's acquisition of two networks represents a monumental leap forward in his already impressive career. While specific financial details haven't been publicly disclosed in their entirety, the sheer scale of the purchase speaks volumes about his financial prowess and ambition. The networks acquired were [Insert names of the networks here. Replace bracketed information with actual network names. This information is crucial for SEO accuracy.]. This acquisition instantly catapults Perry into a different league of media ownership, granting him unprecedented control over content creation and distribution.

Strategic Significance: This move is far more than a simple financial investment. It's a masterstroke of strategic planning. Owning these networks allows Perry to:

Control Narrative: Perry now has complete control over the stories that are told and the voices that are amplified on these platforms. This grants him even greater power to shape narratives and ensure diverse representation, particularly within the Black community.

Expand his reach: Beyond simply producing content, Perry now has the distribution channels to reach a vastly wider audience, bypassing traditional gatekeepers and directly connecting with his viewers.

Monetization Opportunities: Owning the networks opens up multiple revenue streams beyond production fees. Advertising, subscription models, and syndication deals become significantly more lucrative under direct ownership.

Cultivate Talent: By controlling the networks, Perry can nurture and promote new talent, providing opportunities for up-and-coming actors, writers, directors, and producers. This fosters a pipeline of diverse voices within the industry.

Legacy Building: This acquisition can be seen as Perry solidifying his legacy. He’s not just creating content; he’s building a sustainable media empire that will likely continue to thrive long after his active involvement.


Financial Analysis: A Calculated Risk or a Sure Thing?



While precise financial figures remain confidential, industry analysts suggest that the acquisition represents a significant investment. The purchase price alone is likely in the hundreds of millions, if not billions, of dollars. However, considering Perry’s already substantial wealth and the potential returns from owning and operating these networks, the move seems like a calculated risk with significant potential for substantial returns.

The financial success will hinge on several factors, including:

Programming Strategy: The success of the networks will depend on the quality and appeal of the programming. Will Perry continue his successful formula, or will he experiment with new genres and formats?

Audience Engagement: Maintaining and growing the audience is crucial. Effectively utilizing marketing and promotion to reach and engage viewers is key.

Advertising Revenue: Attracting advertisers will be essential. The networks' ability to demonstrate a strong and engaged audience will be the deciding factor.

Subscription Models: If subscription-based services are implemented, the networks must offer compelling content that justifies the cost for subscribers.


The Broader Impact: Diversity and Representation in Media



Tyler Perry's acquisition has significant implications for diversity and representation in media. For decades, Black voices and stories have been underrepresented in mainstream television. Perry's ownership of these networks gives him the power to champion diversity, ensuring that Black creators and actors have a platform to share their stories and perspectives. This move can lead to a more inclusive and equitable media landscape.


The Future of Tyler Perry's Media Empire



With the acquisition of these two networks, Tyler Perry's media empire is poised for even greater expansion and influence. This strategic move positions him as a major player in the entertainment industry, not just a successful producer. The future holds exciting possibilities, including potential further acquisitions, strategic partnerships, and innovative programming that will shape the future of television.



Article Outline:

I. Introduction: Hook, overview of the post's content.

II. The Acquisition: Details, implications, strategic significance.

III. Financial Analysis: Investment, potential returns, factors influencing success.

IV. Broader Impact: Diversity and representation in media.

V. The Future: Potential for further growth and influence.


Author: [Your Name/Pen Name]


FAQs:

1. How much did Tyler Perry pay for the networks? The exact purchase price has not been publicly disclosed.

2. Which networks did Tyler Perry acquire? [Insert names of the networks here. Remember to fill in the bracketed information with the correct network names.]

3. What impact will this have on Black representation in media? It's expected to significantly increase opportunities for Black creators and actors.

4. What are the potential risks of this acquisition? Risks include programming choices, audience engagement, and advertising revenue generation.

5. How will this acquisition affect Tyler Perry's other ventures? It's likely to streamline his operations and create greater synergy across his various businesses.

6. What kind of programming can we expect to see on these networks? While specifics are unknown, it's likely to feature a mix of genres appealing to a diverse audience.

7. Is this a sign of greater consolidation in the media industry? It's one example of a trend toward larger media conglomerates.

8. What are the long-term implications of this acquisition? It could reshape the landscape of television programming and representation.

9. How will this acquisition impact competition in the television industry? It will likely increase competition, particularly in certain programming genres.


Related Articles:

1. Tyler Perry's Net Worth and Business Empire: A deep dive into Perry's financial success and diverse business holdings.

2. The Evolution of Tyler Perry's Filmmaking Style: An analysis of Perry's career trajectory and artistic evolution.

3. Representation of Black Families in Tyler Perry's Works: A critical examination of the portrayal of Black families in Perry's productions.

4. Tyler Perry's Impact on the Hollywood Landscape: A discussion of Perry's influence on the film and television industries.

5. The Success of Tyler Perry Studios: A look at the history and operations of Perry's successful studio.

6. Tyler Perry's Philanthropic Efforts: An exploration of Perry's charitable contributions and community involvement.

7. Critical Analysis of Tyler Perry's Productions: An overview of both positive and negative critiques of Perry's work.

8. Tyler Perry's Future Projects: A speculation on upcoming productions and potential business ventures.

9. Comparison of Tyler Perry's Networks with Other Major Networks: A comparative analysis highlighting strengths and weaknesses.


Remember to replace the bracketed information with accurate network names for maximum SEO effectiveness. This comprehensive article offers a thorough and insightful analysis of a significant event in the entertainment world.


  tyler perry buys 2 networks: From Madea to Media Mogul TreaAndrea M. Russworm, Samantha N. Sheppard, Karen M. Bowdre, 2016-06-20 Contributions by Leah Aldridge, Karen M. Bowdre, Aymar Jean Christian, Keith Corson, Rachel Jessica Daniel, Artel Great, Brandeise Monk-Payton, Miriam J. Petty, Eric Pierson, Paul N. Reinsch, TreaAndrea M. Russworm, Rashida Z. Shaw, Samantha N. Sheppard, Ben Raphael Sher, and Khadijah Costley White For over a decade, Tyler Perry has been a lightning rod for both criticism and praise. To some he is most widely known for his drag performances as Madea, a self-proclaimed mad black woman, not afraid to brandish a gun or a scalding pot of grits. But to others who watch the film industry, he is the businessman who by age thirty-six had sold more than $100 million in tickets, $30 million in videos, $20 million in merchandise, and was producing 300 projects each year viewed by 35,000 every week. Is the commercially successful African American actor, director, screenwriter, playwright, and producer malt liquor for the masses, an embarrassment to the race!, or is he a genius who has directed the most culturally significant American melodramas since Douglas Sirk? Are his films and television shows even melodramas, or are they conservative Christian diatribes, cheeky camp, or social satires? Do Perry's flattened narratives and character tropes irresponsibly collapse important social discourses into one-dimensional tales that affirm the notion of a post-racial society? In light of these debates, From Madea to Media Mogul makes the argument that Tyler Perry must be understood as a figure at the nexus of converging factors, cultural events, and historical traditions. Contributors demonstrate how a critical engagement with Perry's work and media practices highlights a need for studies to grapple with developing theories and methods on disreputable media. These essays challenge value-judgment criticisms and offer new insights on the industrial and formal qualities of Perry's work.
  tyler perry buys 2 networks: Encyclopedia of African American Business [2 volumes] Jessie Smith, 2017-11-27 This two-volume set showcases the achievements of African American entrepreneurs and the various businesses that they founded, developed, or promote as well as the accomplishments of many African American leaders—both those whose work is well-known and other achievers who have been neglected in history. Nearly everyone is familiar with New York City's Wall Street, a financial center of the world, but much fewer individuals know about the black Wall Streets in Durham and Tulsa, where prominent examples of successful African American leaders emerged. Encyclopedia of African American Business: Updated and Revised Edition tells the fascinating story that is the history of African American business, providing readers with an inspiring image of the economic power of black people throughout their existence in the United States. It continues the historical account of developments in the African American business community and its leaders, describing the period from 18th-century America to the present day. The book describes current business leaders, opens a fuller and deeper insight into the topics chosen, and includes numerous statistical tables within the text and in a separate section at the back of the book. The encyclopedia is arranged under three broad headings: Entry List, Topical Entry List, and Africa American Business Leaders by Occupation. This arrangement introduces readers to the contents of the work and enables them to easily find information about specific individuals, topics, or occupations. The book will appeal to students from high school through graduate school as well as researchers, library directors, business enterprises, and anyone interested in biographical information on African Americas who are business leaders will benefit from the work.
  tyler perry buys 2 networks: Interpreting Tyler Perry Jamel Santa Cruze Bell, Ronald L. Jackson II, 2013-10-23 Tyler Perry has become a significant figure in media due to his undeniable box office success led by his character Madea and popular TV sitcoms House of Payne and Meet the Browns. Perry built a multimedia empire based largely on his popularity among African American viewers and has become a prominent and dominant cultural storyteller. Along with Perry’s success has come scrutiny by some social critics and Hollywood well-knowns, like Spike Lee, who have started to deconstruct the images in Perry’s films and TV shows suggesting, as Lee did, that Perry has used his power to advance stereotypical depictions of African Americans. The book provides a rich and thorough overview of Tyler Perry’s media works. In so doing, contributors represent and approach their analyses of Perry’s work from a variety of theoretical and methodological angles. The main themes explored in the volume include the representation of (a) Black authenticity and cultural production, (b) class, religion, and spirituality, (c) gender and sexuality, and (d) Black love, romance, and family. Perry’s critical acclaim is also explored.
  tyler perry buys 2 networks: The Business of Media Distribution Jeffrey C. Ulin, 2019-05-30 In this updated edition of the industry staple, veteran media executive Jeff Ulin relates business theory and practice across key global market segments—film, television, and online/digital—providing you with an insider’s perspective that can't be found anywhere else. Learn how an idea moves from concept to profit and how distribution dominates the bottom line: Hollywood stars may make the headlines, but marketing and distribution are the behind-the-scenes drivers converting content into cash. The third edition: Includes perspectives from key industry executives at studios, networks, agencies and online leaders, including Fox, Paramount, Lucasfilm, Endeavor, Tencent, MPAA, YouTube, Amazon, and many more; Explores the explosive growth of the Chinese market, including box office trends, participation in financing Hollywood feature films, and the surge in online usage; Illustrates how online streaming leaders like Netflix, Amazon, Apple, YouTube, Hulu and Facebook are changing the way TV content is distributed and consumed, and in cases how these services are moving into theatrical markets; Analyzes online influences and disruption throughout the distribution chain, and explains the risks and impact stemming from changing access points (e.g., stand-alone apps), delivery methods (over-the-top) and consumption patterns (e.g., binge watching); Breaks down historical film windows, the economic drivers behind them, and how online and digital delivery applications are changing the landscape. Ulin provides the virtual apprenticeship you need to demystify and manage the complicated media markets, understand how digital distribution has impacted the ecosystem, and glimpse into the future of how film and television content will be financed, distributed and watched. An online eResource contains further discussion on topics presented in the book.
  tyler perry buys 2 networks: The New York Times Index , 2007
  tyler perry buys 2 networks: I Know I've Been Changed ReShonda Tate Billingsley, 2006-02-01 A successful television reporter discovers that family is more important than fame and fortune in this hilarious and heartwarming family drama from bestselling author ReShonda Tate Billingsley. Raedella Rollins left the dusty town of Sweet Poke, Arkansas, on a Texas-bound bus with four mismatched suitcases, a newsroom job offer, and a promise to herself: never look back. Now, less than a decade later, she’s a top-rated talk show host, a celebrity news anchor, and fiancée to Houston’s star councilman. The future looks bright for Rae, and Sweet Poke is nothing more than a distant memory. But now that she’s reached the top, her ragtag family comes knocking. Mama Tee, the grandmother who raised her, calls with unwelcome family updates; and Shondella, her jealous older sister, guilts her into sending money. To Rae, nothing could be worse than an unexpected reunion with her over-the-top relatives. But when her picture-perfect life turns out to be an illusion, Rae's family calls her back to Sweet Poke and to the life she left behind. Can Rae let go of the pain of her childhood and open her heart to the healing that only faith and family can provide?
  tyler perry buys 2 networks: Best Life , 2008-04 Best Life magazine empowers men to continually improve their physical, emotional and financial well-being to better enjoy the most rewarding years of their life.
  tyler perry buys 2 networks: Broadcasting & Cable , 2006-07
  tyler perry buys 2 networks: Empire and Black Images in Popular Culture Joshua K. Wright, 2018-05-12 FOX's musical drama Empire has been hailed as the savior of broadcast television, drawing 15 million viewers a week. A hip-hopera inspired by Shakespeare's King Lear and 1980s prime-time soap Dynasty, the series is at the forefront of a black popular culture Renaissance--yet has stirred controversy in the black community. Is Empire shifting paradigms or promoting pernicious stereotypes? Examining the evolution and potency of black images in popular culture, the author explores Empire's place in a diverse body of literature and media, data and discussions on respectability.
  tyler perry buys 2 networks: Love, Peace and Soul Ericka Blount Danois, 2013-08-01 Love, Peace, and Soul tells the story of the television phenomenon known as Soul Train, a show created in the land of bell bottoms, afros, and soul power; a show that became the touchstone of the Baby Boomer generation. Don Cornelius, host and owner of the show, was one of the coolest cats on television. With his platform shoes, wide neckties, and mellifluous voice, he showed the world just how corny American Bandstand was in comparison. In 2012, fans were shocked to hear one of the most powerful men in the music and television business took his own life. Love, Peace, and Soul is a celebratory, behind-the-scenes collection of anecdotes, stories, and reflections, from the people who were there, about the host, the show, and the power of black music and dance on television. Music and television connoisseurs will enjoy the history of not just Soul Train, but of other shows, including Shindig!, Don Kirshner's Rock Concert, Hullabaloo, American Bandstand, and Graffiti Rock. Entrepreneurs will be interested in Cornelius' humble beginnings with the local version of the show in Chicago, created with his own money. Fans will delight in the lively images and the quirky details. The first mass market book on Soul Train since Cornelius's passing, this volume has something for everyone. Includes afterword by Gary Harris.
  tyler perry buys 2 networks: F & S Index United States Annual , 2007
  tyler perry buys 2 networks: Billboard , 2005-07-02 In its 114th year, Billboard remains the world's premier weekly music publication and a diverse digital, events, brand, content and data licensing platform. Billboard publishes the most trusted charts and offers unrivaled reporting about the latest music, video, gaming, media, digital and mobile entertainment issues and trends.
  tyler perry buys 2 networks: The Black List, Part 1 D.D.K., 2019-06-17 This epic masterpiece of literature tells the story of one man's musical and personal journey. It is told and written as an autobiography.
  tyler perry buys 2 networks: Insiders' Guide® to St. Louis Dawne Massey, 2009-05-19 With this guide, readers will get an inside perspective on St. Louis--the city's more than 170 parks, a thriving live music and local arts scene, an abundance of nightclubs and casinos, and world-class sports teams, not to mention the Gateway Arch.
  tyler perry buys 2 networks: Official Gazette of the United States Patent and Trademark Office , 2007
  tyler perry buys 2 networks: Encyclopedia of African American Actresses in Film and Television Bob McCann, 2022-09-23 The first work of its kind, this encyclopedia provides 360 brief biographies of African American film and television acPER010000tresses from the silent era to 2009. It includes entries on well-known and nearly forgotten actresses, running the gamut from Academy Award and NAACP Image Award winners to B-film and blaxpoitation era stars. Each entry has a complete filmography of the actress's film, TV, music video or short film credits. The work also features more than 170 photographs, some of them rare images from the Schomburg Center for Research in Black Culture.
  tyler perry buys 2 networks: The Hollywood Reporter , 2008
  tyler perry buys 2 networks: Billboard , 1992-06-20 In its 114th year, Billboard remains the world's premier weekly music publication and a diverse digital, events, brand, content and data licensing platform. Billboard publishes the most trusted charts and offers unrivaled reporting about the latest music, video, gaming, media, digital and mobile entertainment issues and trends.
  tyler perry buys 2 networks: LIFE , 1972-11-03 LIFE Magazine is the treasured photographic magazine that chronicled the 20th Century. It now lives on at LIFE.com, the largest, most amazing collection of professional photography on the internet. Users can browse, search and view photos of today’s people and events. They have free access to share, print and post images for personal use.
  tyler perry buys 2 networks: Billboard , 1993-07-10 In its 114th year, Billboard remains the world's premier weekly music publication and a diverse digital, events, brand, content and data licensing platform. Billboard publishes the most trusted charts and offers unrivaled reporting about the latest music, video, gaming, media, digital and mobile entertainment issues and trends.
  tyler perry buys 2 networks: "Brand® New Theology McGee, Paula L., 2017-03-16 McGee critiques the popular Health & Wealth message so prominently targeted especially to black Christian women. She examines the preaching and writing of T. D. Jakes as the most representative of a new phenomenon, the New Black Church, a new form of prosperity gospel that signifies what she calls the Wal-Martization of religion.
  tyler perry buys 2 networks: Billboard , 1946-03-30 In its 114th year, Billboard remains the world's premier weekly music publication and a diverse digital, events, brand, content and data licensing platform. Billboard publishes the most trusted charts and offers unrivaled reporting about the latest music, video, gaming, media, digital and mobile entertainment issues and trends.
  tyler perry buys 2 networks: Don't Make a Black Woman Take Off Her Earrings Tyler Perry, 2007-02-06 If you can count on one thing from Madea Mabel Simmons, star of the smash hits Diary of a Mad Black Woman, Madea's Family Reunion, and Madea's Witness Protection, it's that she's got something to say. Now the beloved, sharp-tongued, pistol-packing grandmother has her own lifestyle book-part memoir, many parts hard-won, hilarious, straight-up in-your-face words of wisdom. Don't Make a Black Woman Take Off Her Earrings is a #1 New York Times bestseller and a won a Quill Award for Book of the Year, Best Humor Book in 2006.
  tyler perry buys 2 networks: Billboard , 1957-05-06 In its 114th year, Billboard remains the world's premier weekly music publication and a diverse digital, events, brand, content and data licensing platform. Billboard publishes the most trusted charts and offers unrivaled reporting about the latest music, video, gaming, media, digital and mobile entertainment issues and trends.
  tyler perry buys 2 networks: The New Advertising Valerie K. Jones, Ruth E. Brown Ph.D., Ming Wang, 2016-09-19 The era of big data has revolutionized many industries—including advertising. This is a valuable resource that supplies current, authoritative, and inspiring information about—and examples of—current and forward-looking theories and practices in advertising. The New Advertising: Branding, Content, and Consumer Relationships in the Data-Driven Social Media Era supplies a breadth of information on the theories and practices of new advertising, from its origins nearly a quarter of a century ago, through its evolution, to current uses with an eye to the future. Unlike most other books that focus on one niche topic, this two-volume set investigates the overall discipline of advertising in the modern context. It sheds light on significant areas of change against the backdrop of digital data collection and use. The key topics of branding, content, interaction, engagement, big data, and measurement are addressed from multiple perspectives. With contributions from experts in academia as well as the advertising and marketing industries, this unique set is an indispensable resource that is focused specifically on new approaches to and forms of advertising. Readers will gain an understanding of the distinct shifts that have taken place in advertising. They will be able to build their knowledge on frameworks for navigating and capitalizing on today's fragmented, consumer-focused, digital media landscape, and they will be prepared for what the future of advertising will likely bring.
  tyler perry buys 2 networks: Billboard , 1998-01-24 In its 114th year, Billboard remains the world's premier weekly music publication and a diverse digital, events, brand, content and data licensing platform. Billboard publishes the most trusted charts and offers unrivaled reporting about the latest music, video, gaming, media, digital and mobile entertainment issues and trends.
  tyler perry buys 2 networks: Broadcasting , 1981-04
  tyler perry buys 2 networks: Billboard , 1953-12-12 In its 114th year, Billboard remains the world's premier weekly music publication and a diverse digital, events, brand, content and data licensing platform. Billboard publishes the most trusted charts and offers unrivaled reporting about the latest music, video, gaming, media, digital and mobile entertainment issues and trends.
  tyler perry buys 2 networks: The Wall Street Journal , 2006
  tyler perry buys 2 networks: The Value Line Investment Survey , 1991
  tyler perry buys 2 networks: Mediaweek , 2010
  tyler perry buys 2 networks: Spot Television Rates and Data , 1989-12
  tyler perry buys 2 networks: Sports Advantage , 1992
  tyler perry buys 2 networks: Focus On: 100 Most Popular Television Series by Sony Pictures Television Wikipedia contributors,
  tyler perry buys 2 networks: Television & Cable Factbook , 2006
  tyler perry buys 2 networks: Billboard , 1952-11-01 In its 114th year, Billboard remains the world's premier weekly music publication and a diverse digital, events, brand, content and data licensing platform. Billboard publishes the most trusted charts and offers unrivaled reporting about the latest music, video, gaming, media, digital and mobile entertainment issues and trends.
  tyler perry buys 2 networks: What Happened to You? Oprah Winfrey, Bruce D. Perry, 2021-04-27 ONE MILLION COPIES SOLD #1 NEW YORK TIMES BESTSELLER Our earliest experiences shape our lives far down the road, and What Happened to You? provides powerful scientific and emotional insights into the behavioral patterns so many of us struggle to understand. “Through this lens we can build a renewed sense of personal self-worth and ultimately recalibrate our responses to circumstances, situations, and relationships. It is, in other words, the key to reshaping our very lives.”—Oprah Winfrey This book is going to change the way you see your life. Have you ever wondered Why did I do that? or Why can't I just control my behavior? Others may judge our reactions and think, What's wrong with that person? When questioning our emotions, it's easy to place the blame on ourselves; holding ourselves and those around us to an impossible standard. It's time we started asking a different question. Through deeply personal conversations, Oprah Winfrey and renowned brain and trauma expert Dr. Bruce Perry offer a groundbreaking and profound shift from asking “What’s wrong with you?” to “What happened to you?” Here, Winfrey shares stories from her own past, understanding through experience the vulnerability that comes from facing trauma and adversity at a young age. In conversation throughout the book, she and Dr. Perry focus on understanding people, behavior, and ourselves. It’s a subtle but profound shift in our approach to trauma, and it’s one that allows us to understand our pasts in order to clear a path to our future—opening the door to resilience and healing in a proven, powerful way.
  tyler perry buys 2 networks: The Crisis , 2006-03 The Crisis, founded by W.E.B. Du Bois as the official publication of the NAACP, is a journal of civil rights, history, politics, and culture and seeks to educate and challenge its readers about issues that continue to plague African Americans and other communities of color. For nearly 100 years, The Crisis has been the magazine of opinion and thought leaders, decision makers, peacemakers and justice seekers. It has chronicled, informed, educated, entertained and, in many instances, set the economic, political and social agenda for our nation and its multi-ethnic citizens.
  tyler perry buys 2 networks: Higher Is Waiting Tyler Perry, 2017-11-14 In this intimate book of inspiration, Tyler Perry writes of how his faith has sustained him in hard times, centered him in good times, and enriched his life. Higher Is Waiting is a spiritual guidebook, a collection of teachings culled from the experiences of a lifetime, meant to inspire readers to climb higher in their own lives and pull themselves up to a better, more fulfilling place. Beginning with his earliest memories of growing up a shy boy in New Orleans, Perry recalls the moments of grace and beauty in a childhood marked by brutality, deprivation, and fear. With tenderness he sketches portraits of the people who sustained him and taught him indelible lessons about integrity, trust in God, and the power of forgiveness: his aunt Mae, who cared for her grandfather, who was born a slave, and sewed quilts that told a story of generations; Mr. Butler, a blind man of remarkable dignity and elegance, who sold penny candies on a street corner; and his beloved mother, Maxine, who endured abuse, financial hardship, and the daily injustices of growing up in the Jim Crow South yet whose fierce love for her son burned bright and never dimmed. Perry writes of how he nurtured his dreams and discovered solace in nature, and of his resolute determination to reach ever higher. Perry vividly and movingly describes his growing awareness of God’s presence in his life, how he learned to tune in to His voice, to persevere through hard times, and to choose faith over fear. Here he is: the devoted son, the loving father, the steadfast friend, the naturalist, the philanthropist, the creative spirit—a man whose life lessons and insights into scripture are a gift offered with generosity, humility, and love.
  tyler perry buys 2 networks: Business Week , 1977