American media mogul Byron Allen makes nearly $20 million selling his Starz stake
Media mogul Byron Allen has sold his entire 10.7% stake in Starz for almost $45 million, nearly doubling his money in about six months.
Skip to content
Media mogul Byron Allen has sold his entire 10.7% stake in Starz for almost $45 million, nearly doubling his money in about six months.
Byron Allen is in talks to take his two CBS late-night shows to a major streaming service as new Nielsen figures show younger audiences growing.
Byron Allen's family office has bought another 4.3 million BuzzFeed shares for $4.7 million, its fourth purchase since taking control of the company in May.
Byron Allen's family office has committed about $128 million to BuzzFeed shares across three purchases since May, each at a lower price than the last.
Byron Allen has renewed ABC affiliations across seven markets while continuing to shrink his broadcast portfolio. Ten stations have already gone to Gray Media for $171 million, and locked-in network deals are what make the rest worth buying.
Byron Allen is cutting 35% of BuzzFeed's workforce, about 180 roles across BuzzFeed, HuffPost and Tasty, to save up to $32 million annually.
Byron Allen is cutting more than a dozen jobs at HuffPost, weeks after buying a $91 million Aspen estate and months after taking control of BuzzFeed.
Media mogul Byron Allen donated $100,000 to the family of Nolan Wells, joining Tyler Perry and Colin Kaepernick in supporting the grieving family.
Byron Allen's Freestyle Digital Media has acquired VOD rights to mystery thriller The Third Degree for release across North American digital platforms on July 10, 2026.
Byron Allen turned a teenager's punchlines on Johnny Carson into a $1 billion empire spanning broadcast TV, digital media and some of corporate America's most contentious courtrooms.
Byron Allen's real estate portfolio stretches from a $100 million Malibu clifftop estate to beachfront Maui and a Beverly Hills mega-compound built from neighboring lots.
Byron Allen's Comics Unleashed drew 628,000 viewers on CBS on June 1, down 65% from Stephen Colbert's average, but Allen says he is not fazed.
Byron Allen has paid $91.3 million for a mountain home in Aspen, Colorado, returning to the ski resort town two years after selling his previous property.
Byron Allen has seized Stephen Colbert's CBS late-night slot and acquired BuzzFeed in a bold media expansion that caps decades of building Black-owned broadcast infrastructure.
Byron Allen acquired 10.7 percent of Starz for $25 million and says the network's poison pill defense will not stop him from buying the entire company.
Byron Allen's Allen Media Group closed a $171 million broadcast station sale to Gray Media and locked in a new YouTube TV carriage deal in a single week.