Allen Wants to Expand in Local News, Streaming

Byron Allen, CEO of Entertainment Studios, talks about expanding in local news, streaming, trying to buy Black Entertainment Television and possibly a professional sports franchise. He speaks to Bloomberg's Sonali Basak and Romaine Bostick from the Goldman Sachs Leveraged Finance event on "Bloomberg Markets: The Close." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en