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Byron Allen Expands Empire With $120M BuzzFeed Deal, Set To Become CEO

Bryon Allen has purchased a 52% share in Buzzfeed and will take on the role of CEO as prior CEO, Jonah Peretti, named president of BuzzFeed AI.

ShaCamree Gowdy

May 13, 2026

Entertainment Media

After Settling His $10B McDonald's Lawsuit, What Is Byron Allen's Net Worth?

Byron Allen's net worth may continue to grow after a recent settlement and a looming sale of some of his properties.

Keith Reid Cleveland

Jun 18, 2025

Business

Byron Allen To Sell Allen Media Group's 28 Local TV Stations To Reduce Debt

Byron Allen's Allen Media Group is marketing its ABC, NBC, CBS, and Fox-affiliated stations as it seeks to reduce debt.

ShaCamree Gowdy

Jun 3, 2025

Business

Allen Media Group Reverses Plan That Was Set To Terminate Or Reassign Nearly 100 Local Meteorologists Following Backlash

Allen Media Group has decided not to move forward with its plan to terminate or reassign nearly 100 local meteorologists.

ShaCamree Gowdy

Jan 24, 2025

Business

Allen Media Group Replaces Dozens Of Meteorologists With Pre-Recorded Feeds From The Weather Channel In Latest Round Of Layoffs

Allen Media Group is replacing all local meteorologists with a feed broadcasted to individual stations from The Weather Channel in Atlanta.

ShaCamree Gowdy

Jan 22, 2025

Business

Byron Allen Isn't Afraid To Go After Linear Television Real Estate Despite Success Of The Streaming Industry, Says He 'Can Run Them Better'

Byron Allen admits he can run cable networks better than other executives during a conversation on stage at CES 2024 in Las Vegas.

Shanique Yates

Jan 11, 2024

News

Byron Allen Could Potentially Place A Bid To Purchase Scripps TV Stations, Report Says

Media mogul and businessman Byron Allen reportedly has his eyes on a potential bid for multiple Scripps TV stations.

Ngozi Nwanji

Dec 6, 2023

News

Byron Allen Buys Black News Channel Out Of Bankruptcy For $11M

After filing for bankruptcy in March 2022, the Black News Channel has been purchased by Bryon Allen for $11 million.

Samantha Dorisca

Jul 21, 2022

News

Byron Allen's Allen Media Group Is Seeking Billions Of Dollars In Damages After Filing A Lawsuit Against Nielsen

Under his media companies Weather Group, Entertainment Studios Networks, and CF Entertainment, Byron Allen has sued Nielsen for fraud.

Ngozi Nwanji

Mar 17, 2022

Enterprise

Byron Allen Says He'll Never Sell His Media Company — 'As African Americans, We Have To Own Something'

In a new interview with CBS Sunday Morning, Byron Allen says he'll never sell his media company because 'Black people don't own anything.'

Bernadette Giacomazzo

Feb 20, 2022

News

Byron Allen's Allen Media Group Inks Multi-Year And Multi-Platform Deal With Google

Byron Allen And Google join heads for a multi year and multi platform partnership to expand AMG's reach globally.

Samantha Dorisca

Jan 18, 2022

Business Entrepreneurship News Venture Capital

Byron Allen Reportedly Successfully Raises $10B In Capital For Tegna Bid

Byron Allen has successfully raised $10B to acquire Tegna and get some debt refinancing, according to sources close to the deal.

Bernadette Giacomazzo

Nov 8, 2021

Enterprise

Byron Allen's Allen Media Broadcasting Purchases ABC Affiliate WJRT-TV For $70M

Allen Media, owned and operated by Byron Allen, has just purchased Flint, Michigan's WJRT-TV for $70 million.

Shanique Yates

Jul 16, 2021

Media News

Byron Allen Sues McDonald's Corp. For $10B, Alleges Racial Discrimination

Byron Allen continues his fight against large corporations and their treatment against Black-owned media companies, sues McDonald's Corp. for $10 billion.

Shanique Yates

May 21, 2021

News

Byron Allen’s Media Company To Buy Seven Additional TV Stations For $380M Cash

Media mogul Byron Allen and his company, Allen Media Group, have agreed to a deal to buy seven additional TV stations for $380 million in a cash purchase.

Njera Perkins

May 3, 2021