Latest in Byron Allen

Byron Allen’s Allen Media Group confirmed Thursday that it is undergoing layoffs as part of strategic changes “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…

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…

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…

Shares of Paramount Global popped in early trading after news that Byron Allen has offered a deal worth $30 billion to acquire the company, which has been in play since last fall. The stock is up nearly 8% at $14.78 in a mostly down market. Rumor speculation has nudged the shares up from a 52-week…

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…

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…

Deadline has confirmed that Byron Allen is taking another run at BET Media Group in a $3.5 billion bid sent to Paramount Global for BET and VH1. The offer followed a report that Paramount is in talks to sell BET to a management-led investor group. Paramount put BET Media Group fielded offers for BET…

What’s CBS doing in primetime next weekend? Funny You Should Ask. The network will air four new episodes of the comedy game show Byron Allen Presents Funny You Should Ask from 8-10 p.m. Saturday, December 9. Hosted by The Mole‘s Jon Kelley, the veteran syndicated series from Allen Media Group…

Byron Allen Presents theGrio Awards special, honoring African American excellence, is returning to CBS for its second year. Co-hosted by The Talk‘s Sheryl Underwood and comedian Roy Wood Jr., with honorees including Mariah Carey, Don Cheadle and Misty Copeland, the event will air on Saturday, November 25…

Media entrepreneur Byron Allen, one of many parties interested in acquiring ABC and other linear TV assets from Disney, said he has “access to plenty of capital,” and Disney’s internal deliberations are the main factor preventing a formal sale process from starting. “Capital’s not an issue,” he said…

Joe Biden sat down with The Weather Channel’s Stephanie Abrams for an interview. The topic was climate change and extreme weather as Biden visited the Grand Canyon on Tuesday. The Weather Channel said that the full interview will air on the network on Wednesday starting at 6 a.m. ET on America’s…

Billy Porter (Pose) and frequent collaborator Dan McCabe (Fruits of Thy Labor) have been tapped to script a James Baldwin biopic for Byron Allen‘s Allen Media Group Motion Pictures, with the former also to realize his longtime dream of portraying the cultural icon. The film will be based on the 1994…