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Byron Allen

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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.

May 13, 2026

Byron Allen’s Allen Media Group To Sell 10 TV Stations To Gray Media In A $171M Deal

The deal expands Gray’s reach into three new markets as Allen moves to reduce debt and refocus AMG’s broadcast strategy.

Aug 8, 2025

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.

Media Mogul Byron Allen Reaches Settlement In $10B Racial Discrimination Lawsuit Against McDonald’s

Byron Allen settles his $10B lawsuit against McDonald’s over ad discrimination—what it means for Black-owned media.

Jun 16, 2025

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.

Jun 3, 2025

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.

Jan 24, 2025

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.

Jan 22, 2025

Paramount Reportedly In Talks To Sell BET To The Network's CEO Scott Mills And Others Despite Byron Allen's Previous Offers

According to Bloomberg's sources, Paramount is in talks of selling BET to ET CEO Scott Mills and CC Capital Founder Chinh Chu.

Jul 3, 2024

Byron Allen Is Looking To Purchase Paramount Global For $14.3B, Report Says

Media mogul Byron Allen is now interested in purchasing Paramount Global for $30 billion through Allen Media Group.

Jan 31, 2024

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.

Jan 11, 2024

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.

Dec 6, 2023

Byron Allen Could Become The First Black NFL Team Owner As He's Set To Place Another Bid

It's reported that media mogul Byron Allen is working with an investor group to place a bid on the Washington Commanders.

Nov 3, 2022

Byron Allen's Latest Real Estate Purchase Marked As The Most Ever Paid For A Home By A Black Buyer In The U.S.

Byron Allen has purchased a Malibu mansion for $100 million — making it the highest price paid by an African American buyer in the U.S.

Oct 12, 2022

Judge Reportedly Orders McDonald's To Face Byron Allen In $10B Racial Discrimination Lawsuit After Previously Dismissing It

After previously dismissing grounds for a lawsuit, a LA judge has now ordered McDonald's to face Byron Allen in $10M lawsuit.

Sep 22, 2022

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.

Jul 21, 2022