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TheGrio Lays Off Staffers Amid ‘Strategic Changes’

Byron Allen - screenshot

*Byron Allen’s Black news platform, TheGrio, has initiated a restructuring process resulting in the layoff of numerous staffers, including eliminating the managing editor’s position. “The axe is falling at TheGrio,” an individual with knowledge of the situation told TheWrap. Members of the podcast and video team have also been laid off along with managing editor […]

Judge Dismisses Byron Allen’s $100 Million McDonald’s Lawsuit

McDonald's logo - Depositphotos

*A Los Angeles Superior Court judge dismissed Byron Allen’s $100 million lawsuit against McDonald’s, citing anti-SLAPP laws in California. Allen filed a lawsuit against the fast-food giant last May, claiming McDonald’s failed to honor a pledge to increase ad spending with Black-owned media. EUR’s Willy Mwanza Mwanza reported previously that Allen, founder and chairman/CEO of […]

Byron Allen Offers $30B to Buy Paramount Global

Byron Allen - screenshot

*Byron Allen has submitted a $30 billion offer to buy all of Paramount Global’s outstanding stock, existing debt, and equity, Allen Media Group said in a statement on Tuesday. Bloomberg News first reported that Allen made a $14.3 billion offer to buy Paramount Global’s outstanding shares. “Mr. Byron Allen did submit a bid on behalf […]

Byron Allen Renews Offer to Buy BET for $3.5 Billion

*Byron Allen, founder and CEO of Allen Media Group, is trying to acquire Paramount Global’s BET Media Group again.  The media mogul is offering $3.5 billion to take over the entity, Variety reports.  Earlier this year, he bid $2.7 billion when Paramount Global announced in March that it was exploring the sale of BET. At […]

Byron Allen Talks Acquiring ABC from Disney: ‘I’m Going to Chase It Down’

Byron Allen - screenshot

*Media mogul Byron Allen announced in September that he is interested in acquiring ABC from Disney for $10 billion. “I think ABC’s a real possibility. They say they’re not ready,” Allen said at the UCLA Department of Neurosurgery’s Visionary Ball on Wednesday night, Variety reports. “When they’re ready I’m going to chase it down like […]

What Does Byron Allen Have to do with ABC (News) Staffers ‘Freaking Out?’ – Maybe Because He (and Others) Want to BUY the Network | VIDEO

Byron Allen - screenshot

(CNN) — Alarm bells are going off at ABC News because of Byron Allen? Well, kinda. Here’s what we know. The Disney-owned newsroom was jolted on Thursday after a report suggested that the outlet could soon be expelled from the Magic Kingdom. Bloomberg’s Christopher Palmeri and Thomas Buckley reported that Disney has “held exploratory talks” […]

Not So Fast! It Seems Tyler Perry Hasn’t Inked BET Takeover Deal, Despite Reports

Tyler Perry - Instagram

*On June 13, 2023, EURweb reported that billionaire Tyler Perry, 53, had acquired BET Media Group from Paramount Global. Many other notable Black contenders were also considering purchasing the platform, like a serial entrepreneur and hip hop mogul Sean ‘Diddy’ Combs and media businessman Byron Allen, according to News One. Viewers of BET had expressed […]

Byron Allen’s Media Group Sues McDonald’s for Fraud

McDonald's

*A second lawsuit has been filed against McDonald’s Corp by media mogul Byron Allen over the fast-food chain’s refusal to advertise with Black media. Allen’s Entertainment Studios Networks Inc and Weather Group LLC filed a lawsuit in Los Angeles this week and said McDonald’s “lied” in May 2021 when the company vowed to boost national […]

Al Sharpton Calls on McDonald’s CEO to Address Racial Discrimination

Al Sharpton calls out McDonald’s

*The Rev. Al Sharpton is calling on the McDonald’s Corporation to address the multiple claims of alleged racial discrimination.  Sharpton says he sent a letter to Chief Executive Officer Chris Kempczinski demanding that he address these long-standing problems, according to a press release on NAN’s website.  In his role as president and founder of the […]

Princell Hair Appointed President of Byron Allen’s Allen Media Broadcasting

Princell Hair - via Allen Media Group

*Byron Allen’s Allen Media Group has announced the hiring of Princell Hair as President of Allen Media Broadcasting – the broadcast television station division consisting of 27 ABC-NBC-CBS-FOX network affiliate broadcast television stations in 21 television markets nationwide. Hair will also hold the title of Executive Vice President of Allen Media Group– Allen’s wholly-owned parent […]

Billy Porter Tapped to Play James Baldwin in Biopic

Billy Porter Tapped to Play James Baldwin in Biopic

*Byron Allen’s Allen Media Group Motion Pictures is set to produce a biopic about celebrated novelist and activist James Baldwin. Billy Porter will star as Baldwin in the project based on David Leeming’s 1994 book “James Baldwin: A Biography.” The upcoming film does not have a release date yet but will likely premiere during awards […]

Mogul Byron Allen Talks Obtaining Black Wealth At His Oscars Gala! | WATCH

byron allen

*Celebrities hit the red carpet for Byron Allen‘s annual star-studded “Allen Media Group Oscars Gala” at the elegant Beverly Wilshire Hotel this past Sunday (03-12-23). Invited guests enjoyed a live viewing of the Oscars and were entertained later in the evening by a performance from legendary icon & singer Diana Ross. Allen has been all […]