Could Byron Allen’s Allen Media Group be heading toward further expansion?
Dec 6, 2023
Byron Allen may have set out on his biggest purchase yet.
Sep 15, 2023
Sean “Diddy” Combs has his eyes set on building a force in media with the help of fellow entertainment industry veterans.
Byron Allen’s entertainment company has joined forces with a leading media provider for Historically Black Colleges and Universities (HBCUs).
Byron Allen is doubling down on taking McDonald’s to court.
May 9, 2023
In early 2022, Byron Allen was looking to place a bid on the Denver Broncos. Now, the media mogul appears to have his eyes set on a different NFL team.
Nov 3, 2022
Byron Allen has made history again, but this time, it’s outside the media industry.
Oct 12, 2022
McDonald’s has officially been ordered to stand trial in the $10 billion discrimination lawsuit brought forth by media mogul Byron Allen, Reuters reports. As previously reported by AfroTech, the suit accuses the fast-food chain of “racial stereotyping” by excluding Black-owned media from its advertising. As of Friday (Sept. 16), U.S. District Judge Fernando Olguin gave Allen the greenlight to attempt to prove that McDonald’s violated both federal and California rights by saying that his networks were not eligible for the “vast majority” of its advertising dollars.
Sep 22, 2022
It’s official! Byron Allen has purchased the Black News Channel.
Jul 21, 2022
There is a glimmer of hope for the Black News Channel. As AfroTech previously told you, the news outlet filed for bankruptcy after losing one of its biggest investors, Jacksonville Jaguars owner Shahid Kahn. Cablefax reports that the CEO and sole shareholder of Entertainment Studios Network, Byron Allen, may be stepping in and has already placed a bid worth $11 million to buy the network.
Jul 19, 2022
After taking legal action against McDonald’s in 2021, Byron Allen has filed yet another lawsuit. According to Deadline, the media mogul’s companies including Weather Group, Entertainment Studios Networks (ESN), and CF Entertainment have sued Nielsen. Allen Media Group claims that the ratings company has undercounted its viewers and was unreliable for Allen’s ESN networks, given their limited distribution. “This lawsuit is about Nielsen’s outdated, unreliable and broken television ratings service, and the resulting harm suffered by media companies who rely on Nielsen to sell ad time,” the complaint explains, according to Deadline. In addition to its alleged inaccuracy, ESN also claimed Nielsen failed to tell ESN the truth about its ratings services, which the company reportedly already knew. “Nielsen did not tell Entertainment Studios the truth – that, in reality, its ratings services were not reliable for networks like those owned by Entertainment Studios,” the suit details. Within...
Mar 17, 2022
It appears that another Black mogul is gearing up to possibly become the first Black majority owner of a National Football League (NFL) team. In January 2021, AfroTech previously shared that while the Denver Broncos going up for sale in the NFL offseason was initially pending, Robert F. Smith shared his interest in placing a bid on the team. By Feb. 1, the football team officially went up for sale — commencing the bidding war. Since then, a source close with Smith disclosed that the billionaire isn’t planning to make a purchase, according to Denver’s 9 News. “Robert’s priorities right now are on the fight for voting rights and economic justice rather than being…an owner of a team,’’ said the source. “He continues to be most focused on how he can best help underserved communities gain access to capital, healthcare, education, and the ballot box. Pursuing ownership of the Broncos is not on his radar right now.” With Smith reportedly stepping out of the possibility of making history,...
Feb 10, 2022
A judge has given Byron Allen the all-clear to proceed with his racial discrimination lawsuit against McDonald’s. Ba-da-bup-bup-ba, we’re loving it! According to The Grio, U.S. District Judge Fernando Olguin gave Allen and his companies the green light to proceed and said that McDonald’s claim was denied “for improperly referencing materials outside the pleadings.” But there’s no guarantee that Byron Allen will be able to proceed. The outlet confirms that McDonald’s has until Jan. 27 to refile their motion to dismiss, which the company said they would most certainly do. “McDonald’s will refile its motion to dismiss by January 27 and continues to believe plaintiffs’ claims are meritless,” the company said in a statement. “This case is about revenue, not race, and plaintiffs’ groundless allegations ignore McDonald’s legitimate business reasons for not investing more on their channels and the company’s collaboration with diverse-owned partners.” This is just the latest salvo in an...
Jan 25, 2022
Byron Allen’s business moves continue. In a press release, it was announced that Allen Media Group (AMG) and Google will join heads for an ambitious multi-year and multi-platform deal. The partnership will benefit AMG as they will have data-driven and secure technology solutions to propel the continued growth of AMG.
Jan 18, 2022
Byron Allen continues to prove he’s the man with a plan. According to The Grio, The Allen Media Group — which also, incidentally, owns the outlet — has just signed a deal to acquire a local Fox affiliate in Montgomery, AL. The acquisition, which will cost $28.5 million in pure cash, means that Byron Allen will own 36 television stations in 21 markets. “WCOV-TV is an excellent asset and has been extremely well-managed for decades by the Woods family, who I’ve known for over 35 years,” Byron Allen, the chairman and CEO of Allen Media Group/Entertainment Studios, said in an exclusive statement to the outlet. “Over the past two years, we’ve invested approximately $1 billion to acquire best-in-class, top-tier, Big 4 broadcast network affiliates, and we plan to invest significantly more to acquire additional ABC, CBS, NBC, and FOX television stations with the goal of being the largest broadcast television group in America. All of our media assets work in concert to amplify our...
Dec 16, 2021