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✅ Yes, the content seems to be true and authentic, as reported by several sources.
These, include:
1. https://tvnewscheck.com/business/article/allen-media-group-retains-moelis-to-sell-its-tv-stations/ (Trust Score 7/10) - Allen Media Group retains Moelis to sell its TV stations, aiming to reduce debt.
2. https://afrotech.com/allen-media-group-sells-local-tv-stations (Trust Score 6/10) - Byron Allen is selling local television stations owned by his Allen Media Group, with investment bank Moelis & Co. handling the deal.
3. https://www.latimes.com/entertainment-arts/business/story/2025-06-02/byron-allen-hires-moelis-sale-television-stations (Trust Score 9/10) - Byron Allen hires investment bank to sell television stations, focusing on debt reduction.
These sources confirm that Allen Media Group is indeed exploring the sale of its television stations to reduce debt, aligning with the provided information.