Byron Allen‘s Allen Media Group confirmed Thursday that it is undergoing layoffs as part of strategic changes at the media company “to better position the company for growth.” According to a statement, the changes include “expense and workforce reductions across all divisions of the company,” which includes network, broadcast and syndication divisions; The Weather Channel; … Read more
EXCLUSIVE: We are hearing that Apollo Global Management, which was mulling an offer for National Amusements, the Redstone family company that controls Paramount Global, is no longer considering the move. Reps for Apollo Global Management, Paramount Global and National Amusements declined comment Monday. While the situation remains fluid and it may be too early to … Read more
Byron Allen is not having what you would call a legal Happy Meal right now. The publicized bidder for Paramount Global has been handed his lunch so to speak by a Los Angeles Superior Court judge in his $100 million lawsuit against McDonald’s for allegedly not keeping promises to dramatically increase advertising with Black-owned media … Read more
Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images Byron Allen, the media mogul offering $14 billion for Paramount Global, told CNBC on Wednesday that he has the money to … Read more
Move over, David Ellison, because here comes Byron Allen. The media mogul and owner of The Weather Channel has made a $30 billion offer for the debt and equity of Paramount Global, Deadline has confirmed tonight. The official word from Allen Media Group: “Mr. Byron Allen did submit a bid on behalf of Allen Media … Read more
EXCLUSIVE: Former Boat Rocker Media exec Nancy Eagle has joined Byron Allen’s Allen Media Group as Senior Vice President of Business and Legal Affairs, with a focus on scripted content and production deals. In her role, Eagle will be charged with business and legal affairs related to the development and production of movies, television series, and … Read more
