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Byron Allen may have set out on his biggest purchase yet.
Sep 15, 2023
Shonda Rhimes is undeniably in a lane of her own.
Jan 10, 2023
Kevin Hart can now add “Shark” to his ever-growing resumé. Yahoo reports that the actor, comedian, and businessman on the rise appeared on the Jan. 7 episode of “Shark Tank,” the hit ABC series that gives once-in-a-lifetime opportunities to small businesses looking for an investor to grow their businesses. The outlet confirms that Hart was filling in for longtime Sharks Daymond John and Robert Herjavec. He also endured some ribbing from fellow Shark Kevin O’Leary, who claimed that Kevin Hart was a “rookie” when it came to investing. (Despite O’Leary’s snark, Hart is far from a “rookie” when it comes to investing. According to Crunchbase, he’s made 10 investments as an individual investor, and he’s also a brand partner with Fabletics Men). Ignorant jokes aside, Hart explained on the show that he created HartBeat Ventures — an investment offshoot of his HartBeat Productions — to create what he called “financial inclusion” opportunities. HartBeat Ventures has already partnered with...
Jan 10, 2022
Shonda Rhimes has landed on the cover of TIME’s first issue for 2022. View this post on Instagram A post shared by TIME (@time) In the exclusive interview, the creator of such modern classics as “Scandal” and “Bridgerton” talked about the road less traveled that she took to get to Hollywood. Did you know, for example, that she got her start in scriptwriting, where she penned such films as “Introducing Dorothy Dandridge” which starred Halle Berry in the title role? Or, did you know that hers was the pen behind the 2002 cult classic, “Crossroads,” featuring one Britney Jean Spears? Shonda Rhimes pivoted to television in the early 2000s, shortly after the 9/11 attacks — and after she adopted her eldest daughter (who is now in college) without having a co-parent. Her first partnership was with Betsy Beers, and it’s a partnership that continues to this day. But, she said, one of the first things she did was deploy “color-blind” casting, which is how “Grey’s Anatomy” (her second-ever...
Jan 5, 2022
Talk about money moves! PR Newswire reports that Byron Allen’s Allen Media Broadcasting (Allen Media) has purchased ABC affiliate WJRT-TV located in Flint, MI for $70 million in cash. Once the deal is closed Allen Media, founded by Allen in 1993, will own and operate 24 local television stations in 20 markets. They will also own and operate 12 television networks which include The Weather Channel and the free-streaming service, Local Now. The close of the Gray/Meredith transaction is reportedly anticipated to take place in the third or fourth quarter of this year (2021). “We are delighted to win the process to add this wonderful local television station and its great employees to the fast-growing Allen Media Group family,” said Allen , Founder, Chairman, and CEO of Allen Media in an official press release. “Over the past year-and-a-half, we’ve invested close to $1 billion to acquire best-in-class, top-tier, broadcast network affiliates and we plan to invest approximately ten billion...
Jul 16, 2021
In collaboration with ABC, the NBA, and The Undefeated, ESPN has announced the launch of a new forward-thinking initiative, #ChampionBlackBusinesses as part of its “Rise Together” campaign that was unveiled earlier in the season, Black Enterprise reports . According to Black Enterprise , this co-branded community-based initiative was created to display across ESPN platforms during the NBA finals and beyond as a means to help amplify Black-owned businesses and their stories, while also showcasing their importance and impact on communities around the country. On the court, only one team can be crowned champion this NBA season. Here at ESPN, we look to crown all Black-owned businesses as true champions of their communities. Join us #ChampionBlackBusinesses pic.twitter.com/p8yB2QhbcS — ESPN (@espn) September 30, 2020 “We are incredibly humbled and proud to help tell the story of athletes fighting for not only the championship, but also social justice, and it has inspired us to extend...
Oct 6, 2020