Media mogul Byron Allen has put forth a bid to buy BET and its networks from Paramount Global for $3.5 billion. The news comes on the same day that Paramount is in talks with Warner Bros. Discovery about a merger.
According to reports, both Tyler Perry and Byron Allen have expressed their intent to purchase BET and its associated entities from Paramount Global. Perry has a pre-existing relationship with Paramount through film and television deals, while Allen has been steadily building a media empire which includes The Weather Channel and the Black News Channel.
A Black media destination is heading to network television. CBS has agreed to air the inaugural TheGrio Awards.
Byron Allen, Chairman & CEO of the Allen Media Group, signed the veteran journalist to become the Washington D.C. Bureau Chief for TheGrio.TV as well.
Get ready, the Grio.TV is coming to 100 million households next month.
Diddy has weighed in on the major case that Byron Allen has against cable giant, Comcast.
Media mogul Byron Allen’s four year court battle against cable titan Comcast has finally reached the Supreme Court.
We need to put way more respect on Byron Allen’s name. The comedian turned mogul just purchased The Weather Channel.
