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Tag: Byron Allen

  • Byron Allen’s ‘Comics Unleashed’ Boosts CBS Late Night

    Talk about a game-changer! Byron Allen’s innovative approach to late-night television has done something remarkable: it’s turned a significant financial drain into a profitable venture for CBS. His show, ‘Comics Unleashed,’ has successfully flipped the script on the network’s late-night programming.

    From Loss to Profit: The ‘Comics Unleashed’ Effect

    CBS announced that Allen’s ‘Comics Unleashed’ has generated a $15 million profit for the network. This is a massive turnaround from the previous situation, where the same late-night slot was reportedly losing around $40 million annually. That’s a staggering $55 million swing in the right direction!

    This financial success is attributed to Allen’s unique ‘time buy’ model. Under this arrangement, Allen Media Group takes on all production costs and pays CBS for the airtime. In return, Allen’s company handles all the advertising sales, allowing them to recoup their investment and generate revenue, while CBS receives guaranteed income without the production headaches or financial risks.

    A New Era for CBS Late Night

    This strategic shift came after CBS decided to cancel Stephen Colbert’s ‘The Late Show.’ The network spokesperson highlighted that this new model was a proactive solution to an ‘unconventional’ and ‘cost prohibitive’ daypart. By partnering with Allen, CBS has effectively transformed a costly hour into a reliable revenue stream.

    We have shifted an hour that was losing roughly $40 million annually to $15 million in profit — a $55 million swing. — CBS Spokesperson

    While ‘Comics Unleashed’ debuted with approximately 1.1 million viewers, which is lower than ‘The Late Show’s’ final average, the viewership numbers are secondary to the financial success of the deal for CBS. The core of this arrangement is risk mitigation and guaranteed income, which Allen’s model perfectly provides.

    Allen’s Expanding Media Empire

    This success in late-night television is just one part of Byron Allen’s broader media ambitions. He recently finalized a significant deal to become the chairman and CEO of BuzzFeed and HuffPost. Allen expressed his vision to leverage AI and expand these platforms into free-streaming video, audio, and user-generated content, aiming to compete with major players like YouTube.

    What do you think about Byron Allen’s innovative ‘time buy’ model for late-night TV? Share your thoughts in the comments below!

  • Byron Allen Honored as Media Titan

    Big news in the media world! Byron Allen, a true force in entertainment and journalism, has been recognized on the prestigious ‘The Trade Power 30: The Titans’ list. This honor celebrates leaders who have fundamentally reshaped modern media through their ownership, distribution strategies, and long-term vision.

    From Comedian to Media Owner

    The feature highlights Allen’s remarkable journey, spanning decades, from his beginnings as a comedian and television host to becoming one of the most powerful Black media owners in America. As the founder and CEO of Allen Media Group, he now commands an impressive portfolio.

    This portfolio includes major assets like The Weather Channel, numerous local TV stations, streaming services, and digital properties, notably including theGrio itself. The recognition underscores his strategic approach to building influence.

    The Power of Ownership and Distribution

    What sets Allen apart is his deep understanding that lasting influence in entertainment stems from controlling the infrastructure and distribution channels, not just appearing on them. This philosophy has driven his aggressive expansion and acquisition strategy.

    Long before ‘ownership’ became a common industry talking point, Allen pursued scale, distribution and infrastructure. — The Trade Power 30: The Titans feature

    Recent acquisitions, such as BuzzFeed and HuffPost, are part of a larger push toward media consolidation and ownership. His influence now spans broadcast television, cable, streaming, and digital publishing, a rare feat in today’s evolving media landscape.

    Championing Black Representation

    Allen was listed among other prominent media figures like Oprah Winfrey, Charlamagne Tha God, and Cathy Hughes. His inclusion is particularly significant given his relentless focus on ownership at a time when many traditional media companies are scaling back. Through Allen Media Group and theGrio, he actively builds platforms dedicated to increasing Black representation in news, entertainment, and business leadership.

    This recognition also shines a light on the critical conversation surrounding Black ownership in media and the importance of controlling platforms that shape culture, information, and advertising power. Byron Allen’s strategic approach has firmly established him as a defining media executive of his generation.

    What do you think about Byron Allen’s impact on the media industry? Share your thoughts in the comments below!

  • Byron Allen Takes Over BuzzFeed as CEO

    Get ready for a major shake-up in the digital media world! Byron Allen, the media mogul behind Allen Family Digital, has officially closed a significant deal, securing a majority investment in BuzzFeed. This move means Allen is stepping into the big chair as the new chairman and CEO of BuzzFeed, effective immediately.

    A New Era for BuzzFeed and HuffPost

    This isn’t just about BuzzFeed; the deal also brings the Huffington Post under Allen’s umbrella, as BuzzFeed acquired it back in 2021. With Allen Family Digital now owning approximately 52% of the company’s shares, it’s clear this is a pivotal moment for both iconic digital brands. The acquisition was first announced on May 11th, setting the stage for this exciting transition.

    What does this mean for the future? Allen has big plans! He’s expressed his admiration for BuzzFeed’s co-founder and former CEO, Jonah Peretti, who will be transitioning to a new role focusing on AI at BuzzFeed. Allen envisions expanding BuzzFeed and HuffPost into new territories, including free-streaming video, audio content, and user-generated material.

    Chasing YouTube and Expanding the Empire

    Allen is ambitious, stating that with the power of AI, BuzzFeed is now aiming to become a premier free video streaming service, much like YouTube. This strategic move leverages BuzzFeed’s existing tens of millions of monthly visitors and integrates them with Allen’s diverse media portfolio.

    His current holdings are impressive, including Local Now, a free streaming platform for local news and entertainment, and The Weather Channel. Plus, Allen’s “Comics Unleashed” recently took over a CBS timeslot previously held by “The Late Show Starring Stephen Colbert,” showcasing his growing influence.

    Beyond BuzzFeed: The Starz Ambitions

    The BuzzFeed acquisition is just one piece of Allen’s expanding media empire. He’s also got his sights set on acquiring the premium cable network Starz. He’s already invested significantly, aiming to control both subscription video-on-demand (SVOD) and advertising video-on-demand (AVOD) platforms.

    When I decide to buy the whole company — I will buy the whole company — I do plan on controlling Starz. I want two streaming platforms. One that’s SVOD (subscription video on-demand), and one that’s AVOD (advertising video on-demand). — Byron Allen

    Allen believes BuzzFeed and HuffPost will form the core of his AVOD strategy, offering free streaming content, while Starz would fulfill his SVOD ambitions. He’s determined to make this vision a reality, even navigating contractual complexities like a “poison pill” defense.

    What are your thoughts on Byron Allen’s acquisition of BuzzFeed and his future plans for the company? Share your opinions in the comments below!

  • Colbert’s Friendly Farewell to Late Night

    So, the final curtain has fallen on Stephen Colbert’s iconic run as host of “The Late Show.” But instead of a quiet exit, he went out with a bang – and a surprise video call to his successor, Byron Allen! It’s a heartwarming moment that shows the camaraderie in the late-night world, even as roles change.

    A Surprise Community Access Takeover

    After his last official show wrapped up, Colbert didn’t just pack his bags. He made a guest appearance on a local access show in Michigan called “Only in Monroe.” Talk about keeping it real! He even brought some famous Michigan natives along for the ride, like Eminem and Jack White.

    And in a move that had everyone talking, he decided to FaceTime none other than Byron Allen, who is stepping into the 11:35 p.m. slot on CBS with his show “Comics Unleashed.” It was a playful, yet genuine, exchange between two titans of comedy.

    The Friendly Rivalry Begins

    During their chat, Colbert, with his signature wit, jokingly declared he was coming back for his old spot. “I hate to do that, but I’m coming for you, brother,” he quipped. “Michigan public access is coming for you. No free rides, Byron Allen. You’ve got to earn this.”

    He playfully reminded Allen of the competition, mentioning the local hosts and musical director he had to go up against. It was all in good fun, highlighting the spirit of competition that drives late-night television.

    A Gracious Handover

    Before signing off, Colbert offered nothing but praise for Allen. “Anyway, Byron, have a great show,” he said warmly. “You’re the best, buddy. Thanks for picking up… Lovely fellow, Byron Allen.”

    This interaction perfectly captures the blend of competition and mutual respect that defines the entertainment industry. Allen’s “Comics Unleashed” now occupies the coveted 11:35 p.m. slot on CBS, with “Funny You Should Ask” following right after.

    What do you think of this friendly late-night transition? Share your thoughts in the comments below!

  • Byron Allen on Black Ownership & STARZ

    Ever wondered what it takes to build an empire and champion Black economic power? Media mogul Byron Allen recently sat down with The Breakfast Club to share his insights, focusing on his ambitious plans for STARZ and the broader fight for ownership in the media landscape. It’s a conversation that highlights the critical importance of Black voices controlling their narratives.

    Acquisitions and the Pursuit of STARZ

    Allen, the founder and chairman of Allen Media Group, is making bold moves. He recently acquired BuzzFeed and HuffPost, strategic acquisitions aimed at ensuring Black-owned companies maintain influence in an industry that’s constantly consolidating. But his sights are set even higher: STARZ.

    He revealed that he’s acquired nearly 11% of STARZ’s stock for $25 million, making him the second-largest shareholder. Allen expressed his admiration for STARZ’s stated goal of serving underserved audiences, which he interprets as a code for Black consumers. “If you’re chasing us, we should own it,” he stated passionately.

    Navigating Corporate Resistance

    Despite Allen’s clear intentions, STARZ has implemented a “poison pill” shareholder rights plan. This move is designed to prevent him from acquiring more than 17.5% of the stock without board approval, effectively blocking his path to full control. Allen acknowledged this resistance, stating, “They said, ‘Hold up! We do not want you to own this company or control this company.’”

    However, Allen remains undeterred. “That won’t stop me. You’ll just delay us, but we will eventually get what we want,” he proclaimed. His preference is to keep STARZ public while maintaining majority control (51% or greater). But if necessary, he’s prepared to buy the entire company, restructure the board, and potentially take it public again.

    The Fight for Economic Power

    Beyond the STARZ pursuit, Allen emphasized his belief that the most crucial fight for Black America today is for economic power. He drew a powerful parallel to a conversation with the late Coretta Scott King, who described economic inclusion as the “fourth and final chapter” in the pursuit of Black liberation, following the end of slavery, Jim Crow, and the civil rights movement.

    This perspective underscores the deep significance of his media acquisitions. It’s not just about business expansion; it’s about reclaiming agency and ensuring that Black communities have a tangible stake in the industries that shape culture and information.

    What are your thoughts on Byron Allen’s strategy for Black ownership in media? Do you think he’ll succeed in taking over STARZ? Share your opinions in the comments below!

  • Byron Allen: Keep BuzzFeed & HuffPost Fearless

    In the wake of his recent acquisition of BuzzFeed and HuffPost, media mogul Byron Allen has a clear message for the journalists at these outlets: stay fearless and independent. During a visit to their offices on Monday, May 19, Allen emphasized his commitment to preserving the core values of both publications.

    A Vision for Fearless Journalism

    Allen made it clear that he wants the journalists at HuffPost, in particular, to continue being outspoken and dedicated to uncovering the truth. He encouraged them to embrace their authentic voices and report aggressively on issues they deem unjust or harmful. “I want the HuffPost, I want you to be yourself,” Allen stated, as reported by theGrio. “I want you to be loud and proud. Say whatever the hell you want to say. Say it. Say it loud and proud.”

    He urged reporters to be bold in their pursuit of accuracy, adding, “If you see something that’s not right, say it. Say it and just get out there and be real. I want you to be real.”

    The Power of Truth and Black Ownership

    Allen drew a parallel between the pursuit of truth and his own career, sharing a poignant memory of his friendship with Coretta Scott King. “Coretta Scott King was a friend of mine,” he recalled. “And she taught me, she said, ‘Byron, our greatest weapon is the truth. If we bring the truth we will always win.’” This philosophy underscores his belief in the power of honest reporting.

    His acquisition significantly expands Allen Media Group’s portfolio, which already includes numerous television stations, TheGrio, and The Weather Channel. Allen highlighted the importance of Black majority ownership in media, seeing it as a pathway to greater economic inclusion and opportunity for companies like BuzzFeed and HuffPost.

    Maintaining Company Culture

    Despite the change in ownership, Allen assured employees that he has no intention of altering the existing culture at BuzzFeed and HuffPost. “I think the culture will be the same. Here at BuzzFeed and HuffPost, the culture is the culture. I don’t think that changes,” he affirmed. He also believes his past legal efforts to ensure advertising inclusion for Black-owned media could potentially boost revenue for the newly acquired outlets.

    Allen’s commitment is to empower the journalists to do what they do best: report the news with integrity and courage, ensuring that diverse voices and important stories continue to be told.

    What do you think about Byron Allen’s vision for BuzzFeed and HuffPost? Share your thoughts on the future of independent journalism in the comments below!

  • Byron Allen’s Bold Move: Asking Jeff Bezos for The Washington Post

    Imagine this: you’re at a party, you spot one of the wealthiest people on the planet, and you casually ask him if he’d be willing to sell you one of the most influential newspapers in the world. That’s exactly what media titan Byron Allen claims he did when he approached Jeff Bezos about buying The Washington Post!

    This fascinating tidbit came out during a recent address Allen gave to BuzzFeed employees on May 19th. While discussing his expansive vision for his media empire, which now includes BuzzFeed and HuffPost, Allen dropped the bombshell about his direct conversation with the Amazon founder.

    A Bold Proposition to Bezos

    Allen recounted the encounter, stating, “I actually asked Jeff Bezos would you consider selling me the Washington Post.” He explained that the conversation happened organically at a party, leading him to pose the direct question: “Why don’t you sell me the Washington Post?”

    His pitch was particularly pointed, considering Bezos’s other major venture: Blue Origin and his ambitions in space exploration. Allen humorously contrasted his own goals with Bezos’s, suggesting, “You need the government. I’m not trying to go into outer space. I’d like to go buy the Washington Post.”

    Bezos’s Reaction and Allen’s Strategy

    So, what was Bezos’s response to this audacious offer? According to Allen, it wasn’t a flat ‘no.’ “He didn’t say yes. He didn’t say no,” Allen shared. Instead, Bezos offered a more intriguing outcome: he took Allen’s old phone and gave him his contact information, leaving the door open for further discussion.

    While Allen remains keen on acquiring The Washington Post, he also emphasized that he’s not solely focused on this one prize. He believes his newly expanded digital media portfolio, including BuzzFeed and HuffPost, is already a formidable force. “I actually think the HuffPost can beat it,” he stated, showcasing his confidence in his existing assets.

    Allen Media Group’s Growing Influence

    This ambition aligns perfectly with Allen Media Group’s ongoing expansion across various media platforms. Beyond local TV stations and The Weather Channel, the group also owns key digital properties like theGrio and HBCU Go, demonstrating a clear strategy to build a diverse and influential media conglomerate.

    Whether or not Allen eventually acquires The Washington Post, his proactive approach and clear vision for the future of media are certainly making waves. It’s a bold reminder that in the fast-paced world of news and entertainment, audacious goals can lead to incredible opportunities.

    What do you think about Byron Allen’s pursuit of The Washington Post? Share your thoughts in the comments below!

  • Byron Allen Buys BuzzFeed for $120M

    Get ready for a major shake-up in the digital media landscape! Media entrepreneur Byron Allen is making big moves, and his latest acquisition is set to redefine BuzzFeed. In a significant development, Allen Family Digital has agreed to a majority investment deal valued at a cool $120 million, bringing BuzzFeed under the umbrella of Allen’s growing media empire.

    A New Era for BuzzFeed Under Allen’s Leadership

    This isn’t just a financial transaction; it’s a leadership transition. Upon the deal’s closing, expected by the end of May 2026, Byron Allen will step into the roles of Chairman and Chief Executive Officer of BuzzFeed. He’ll be succeeding the company’s founder, Jonah Peretti, who is moving to a newly created position as President of BuzzFeed AI.

    Peretti himself expressed enthusiasm for the change, praising Allen’s extensive experience. “Byron Allen has built one of the world’s largest media companies and is one of the most accomplished media entrepreneurs in the industry,” Peretti stated. He highlighted Allen’s vision and operational expertise as key to leading BuzzFeed and HuffPost into their next growth phase, even joking about Allen taking over Stephen Colbert’s former time slot with his own content.

    Expanding the Vision: Free Streaming and AI

    Allen, already a powerhouse with Allen Media Group owning numerous broadcast stations and 10 TV networks (including The Weather Channel and theGrio), sees immense potential in BuzzFeed. His vision includes expanding the brand into free-streaming video, audio, and user-generated content. “As of this moment, with the power of AI, BuzzFeed is officially chasing YouTube to become another premiere free video streaming service,” Allen declared.

    Under this new structure, BuzzFeed Studios, known for its micro-drama series, animation, and digital video content, will operate as an independent entity, alongside Tasty. This move signifies a strategic push to leverage AI and create new avenues for content creation and distribution.

    Peretti’s New Focus on AI

    For Jonah Peretti, this transition marks an exciting pivot. After two decades at the helm since BuzzFeed’s inception in 2006, he’s eager to dive deep into the technological frontier. “I’m excited to switch my focus to a more hands-on role developing products and technology that are only possible because of recent advances in AI,” Peretti explained. He believes AI will revolutionize the media industry and unlock unprecedented opportunities for creators.

    This acquisition is part of a larger trend of media consolidation and strategic adaptation in the face of evolving consumer habits and technological advancements. With Byron Allen at the helm and a renewed focus on AI and streaming, BuzzFeed is poised for a significant transformation.

    What are your predictions for BuzzFeed under Byron Allen’s leadership? Will they successfully compete with YouTube? Let us know your thoughts in the comments!

  • Byron Allen Takes Over CBS Late-Night Slot

    Big news in the television world! Media entrepreneur Byron Allen is set to make a major move, striking a deal with CBS to lease the network’s entire late-night timeslot. This strategic acquisition comes right after the conclusion of Stephen Colbert’s decade-long run as host of “The Late Show.”

    A New Era for Late Night

    Starting May 22nd, the 11:35 p.m. ET slot, immediately following local news, will be programmed by Allen Media Group. The plan is to air back-to-back episodes of Allen’s popular comedy showcase, “Comics Unleashed,” which will be shifted an hour later. Additionally, Allen has secured the 12:37 a.m. hour for his comedy game show, “Funny You Should Ask.”

    This move marks a significant expansion for Allen, who has long been a proponent of providing platforms for comedians. “I created and launched ‘Comics Unleashed’ 20 years ago so my fellow comedians could have a platform to do what we all love –- make people laugh,” Allen stated. He expressed his gratitude to CBS for their confidence in his programming.

    A Long-Awaited Opportunity

    Allen, the founder, chairman, and CEO of Allen Media Group, has a history with this specific timeslot. He previously utilized the 12:37 a.m. slot through a time-buy agreement, airing “Comics Unleashed” during gaps in CBS’s schedule, including after “The Late Late Show With James Corden” and following the conclusion of “After Midnight” in January 2024. He returned to the slot again in September 2025.

    The deal comes as “The Late Show with Stephen Colbert” airs its final episode on May 21st, concluding a franchise that began with David Letterman in 1993. Allen has openly expressed his ambition for this opportunity, stating at New York’s Advertising Week last October that he had been “waiting for this moment” for 50 years and was prepared to invest “millions and millions of dollars” to prove himself in the late-night space.

    A Strategic Business Move

    While CBS might anticipate a dip in ratings following the departure of “The Late Show,” which was long the top-rated program in late night, the network stands to benefit financially. Through this time-buy model, Allen pays for the slot and handles his own advertising sales, generating revenue for CBS. This arrangement allows the network to maintain a presence in late night while offsetting potential viewership losses.

    This landmark deal signifies a bold step for Byron Allen and a significant shift for CBS’s late-night programming. It’s a testament to Allen’s long-term vision and his belief in the enduring power of comedy.

    What are your thoughts on Byron Allen taking over CBS’s late-night lineup? Are you excited to see “Comics Unleashed” and “Funny You Should Ask” in these prime slots? Share your opinions in the comments below!

  • Byron Allen’s Comics Unleashed Takes Over CBS Late Night

    Big news for late-night TV fans! CBS is shaking things up, and it looks like the laughter is about to get a major boost. Starting May 22, 2026, the familiar 11:35 p.m. timeslot will be filled with a brand new comedy block featuring shows from the one and only Byron Allen.

    This exciting change comes right after Stephen Colbert wraps up his run on “The Late Show” on May 21. So, what exactly is taking over? Get ready for “Comics Unleashed with Byron Allen” to slide into the prime late-night spot, followed by the comedy game show “Funny You Should Ask” at 12:35 a.m., both produced by Allen Media Group.

    A New Home for Comedy

    “Comics Unleashed,” hosted by Byron Allen himself, has been a staple for comedy lovers, blending elements of a late-night talk show with a showcase for stand-up talent. It’s no stranger to late-night, having aired in this later slot previously, even during the 2023 industry strikes.

    This move marks a significant shift for CBS’s late-night lineup, especially following the network’s decision to cancel “The Late Show.” While the reasons cited were financial, Allen’s venture promises a potentially profitable new direction for the network’s evening programming.

    Byron Allen’s Vision for Laughter

    Byron Allen, the driving force behind Allen Media Group, is taking a unique approach by purchasing the airtime from CBS and handling the ad sales for his shows. This innovative strategy could be a game-changer for how networks program their late-night slots.

    Allen expressed his enthusiasm for this major opportunity, emphasizing his belief that the world can always use more laughter. He has a long history of championing comedians, having provided a platform for rising stars like Kevin Hart and Roy Wood Jr. early in their careers.

    I created and launched Comics Unleashed 20 years ago so my fellow comedians could have a platform to do what we all love — make people laugh. I truly appreciate CBS’ confidence in me by picking up our two-hour comedy block of Comics Unleashed and Funny You Should Ask, because the world can never have enough laughter. — Byron Allen

    With Allen also owning prominent media entities like The Weather Channel and theGrio, this expansion into CBS’s late-night schedule is a testament to his growing influence in the media landscape. It’s clear that Byron Allen is committed to bringing more comedy to audiences everywhere.

    Are you excited about Byron Allen’s comedy block taking over CBS late night? What are your favorite comedy shows? Let us know in the comments below!