The presentation was made at its annual breakfast, which took place Wednesday morning during the NAB Show in Las Vegas. Above (l-r): Tim McCarthy, co-president of Broadcasters Foundation and Scott Herman, chairman of Broadcasters Foundation, pictured with the honorees, Byron Allen, Pierre Bouvard, Christine Travaglini, Dennis Wharton, Ralph Oakley and Gordon Smith.
The suit charges the ratings firm with fraud and concealment and alleges media companies have suffered billions of dollars in damages.
Byron Allen, founder, chairman and CEO of Allen Media Group and Entertainment Studios, is unyielding in his efforts to get corporate America to spend 15% of its ad budgets on Black-owned media and redress generations of inequity, including a yawning absence of minority-owned media. “America should not be proud of the fact in 2022 you are looking at the one and only Black person in America that owns Big Four network affiliates,” he says.
Media tycoon Byron Allen is preparing a bid for the Denver Broncos, a move that if successful would make him the first Black majority owner of a National Football League team. “NFL commissioner Roger Goodell and New England Patriots owner Robert Kraft came to me in November of 2019 and asked me to take a good look at buying an NFL team,” Allen, chairman and chief executive officer at Allen Media Group, said in a statement in response to inquiries about his interest in the Broncos.
With no ownership cap relief in sight from the FCC, broadcasters look to pick up ones and twos along with pursuing other avenues to grow their businesses. Meanwhile, the industry waits to see if Tegna will be sold. Note: This story is available to TVNewsCheck Premium members only. If you would like to upgrade your free TVNewsCheck membership to Premium now, you can visit your Member Home Page, available when you log in at the very top right corner of the site or in the Stay Connected Box that appears in the right column of virtually every page on the site. If you don’t see Member Home, you will need to click Log In or Subscribe.
The Entertainment Studios chief says the trade show needs to “adapt to new realities in television programming” with a shift to TV’s production hub and a spot on the calendar where it will be more useful to the syndicated production cycle.
A judge has dismissed a $10 billion lawsuit against McDonald’s Corp. by the media entrepreneur Byron Allen, who accused the fast-food chain of racial discrimination for not advertising with Black-owned media. U.S. District Judge Fernando Olguin in Los Angeles wrote on Tuesday that two companies owned by Allen did not offer enough factual evidence to show that McDonald’s “intentionally and purposefully discriminated against them.”
The media entrepreneur says Sohn has worked “nonstop to promote greater competition and more minority ownership in broadcasting. As a commissioner, she would have the tools to improve ownership diversity among FCC licensees.”
Media entrepreneur Byron Allen has raised $10 billion in preferred equity and debt for his bid for station group Tegna, hoping to prevail over a rival offer from investment firms Apollo Global Management and Standard General LP, people familiar with the matter said. The financing is backed by a consortium of 14 banks and 10 investors, including Ares Management Corp., Fortress Investment Group, Oaktree Capital Management and Michael Milken’s family office, one of the sources said.
Byron Allen, the 1980s comedian-turned-media-mogul who owns the Weather Channel, is angling to buy a massive chain of TV stations that were formerly owned by the Gannett newspaper giant — and the outcome could make or break his budding business empire, according to some insiders.
Byron Allen’s Allen Media Group said it acquired HBCUGo.TV, a streaming service serving the 105 historically Black colleges and universities from Symonds-Evans Media. The acquisition bolsters the company’s reach into African-American audiences. Allen Media Group recently launched theGrio.TV as an over-the-air network.
Byron Allen has shored up more investors to back his $23-a-share takeover offer for television broadcaster Tegna Inc., according to people familiar with the matter. The media mogul is seeking $8 billion or more in debt and equity to outbid a consortium that includes private equity giant Apollo Global Management and Standard General, said the people, who asked to not be identified because the matter isn’t public. Allen is discussing raising at least $2 billion in preferred equity from Oaktree Capital Group, Fortress Investment Group, the family office of Michael Milken and Ares Management Corp.
Byron Allen’s Allen Media Group closed its $70 million cash acquisition of the Flint-Sagniaw, Mich. station from Gray Television on Thursday.
The awards will be presented to Byron Allen, Pierre Bouvard, Ralph Oakley, Christine Travaglini and Dennis Wharton at the Broadcasters Foundation Breakfast on Tuesday, Oct. 12, During the NAB Show in Las Vegas.
In the space of just a few weeks, a group of Madison Avenue heavyweights — with names like General Motors, Interpublic Group and WPP — has made public guarantees of ad money for some of the industry’s smaller media outlets, all owned by Black entrepreneurs. Getting these companies to talk about ad spending in public is an amazing feat. For Byron Allen, it’s just a first step.
Byron Allen, founder, chairman and CEO of Allen Media Group and The Weather Group, will continue his crusade to win equity and inclusion for Black-owned media in the world of advertising by headlining the first Black-Owned Media Upfront. The event, set for May 11 and 12 from noon to 2:30 p.m. ET, will turn a spotlight on the programming and audiences of his companies and others involved in the movement. Register here to participate.
The National Association of Broadcasters on Wednesday announced the results of the 2021 NAB Radio and Television Board elections. The two-year terms of the elected board members will begin in June 2021. New board members or those who have previously served on the board are listed in italics; other board members listed below are currently […]
The veteran television journalist will interview Byron Allen, owner of The Weather Channel, Entertainment Studios and Allen Media Group, about his progress at convincing major marketers to devote 2% of their annual advertising spend on Black-owned media. Allen’s efforts have convinced General Motors to commit to a long-term advertising investment and Verizon announced it is planning to partner with Allen in a summit in May. To join the webinar, register here.
Systemic racism in the advertising industry has left Black-owned media with a fraction of the advertising dollars that should be flowing their way, argues Byron Allen, owner of The Weather Channel and founder of Entertainment Studios and Allen Media Group. Allen, who maintains big marketers can ameliorate the problem by devoting 2% of their advertising spend on Black-owned media, will press his case during a TVNewsCheck webinar, Black Owned Media Matters, set to take place Thursday, April 15, at 1 p.m. ET. Register here.
Tired of pledges from advertisers to diversify their ad spend without actually following through, the owner of a production company, television stations and eight cable networks, including the Weather Channel, is insisting agencies and brands shift 2% of their ad spend to Black-owned media — and he’s backing up that demand with legal action.
Byron Allen’s Entertainment Studios Networks said it has “resolved and withdrawn” its lawsuit against Charter Communications. The one-sentence joint statement from Entertainment Studios and Charter did not elaborate on whether Allen’s TV channels would now be carried by Charter or if any money changed hands.
TVNewsCheck Editor Michael Depp and writer Paige Albiniak discuss the outlook for station group M&A activity this year and Byron Allen’s aspiration to spend $10 billion acquiring Big Four affiliates, possibly including an O&O group. Read more about Allen’s plans and the industry’s M&A prospects in our story here.
The chief executives of E.W. Scripps, Sinclair, Graham Media and Allen Media see brighter days coming in 2021 with the prospect of the Supreme Court quashing outdated ownership rules and M&A activity heating up, along with core advertising bouncing back from the pandemic. Read the story and/or watch the full video above.
Leaders from Sinclair, E.W. Scripps, Graham Media and Entertainment Studios will share their outlook on a momentous year and its implications for revenue prospects, M&A, NextGen TV and an evolving relationship with the networks at TVNewsCheck’s virtual conference TV2025: Monetizing the Future on Oct. 21. Register here.
The comic turned mogul has played the long game since he was a kid, acquiring assets like The Weather Channel and taking a racial equality dispute with Comcast all the way to the Supreme Court: “I’d love to own CNN. … And I will.”
Byron Allen has withdrawn his $20 billion racial discrimination lawsuit against Comcast. The two parties have entered into a carriage agreement, with the cable company carrying Allen’s 15 TV channels, including The Weather Channel. The deal also includes the distribution of Comedy.TV, Recipe.TV and JusticeCentral.TV on X1, video on demand and TV everywhere.
Byron Allen: Ten proposals on what the United States needs to do to never come back here again.
The justices agreed unanimously that an appeals court applied the wrong legal standard in allowing business owner Byron Allen’s $20 billion suit against Comcast to go forward. Allen has a separate $10 billion suit against Charter Communications that the justices’ decision also affects.
The race to acquire TV station owner Tegna Inc. hinges not just on the price suitors are willing to pay, but also on how much they may give up in terms of assets to win regulatory approval, people familiar with the matter said. All three bidders own TV stations that regulators would require to be divested because of the potential overlap, the sources added.
Media entrepreneur Byron Allen has made an all-cash bid for Tegna and is said to be one of three potential buyers circling the Tysons, Va.-based broadcaster, according to a source familiar with the situation. Allen’s Allen Media Group offered $20 a share, or about $8.5 billion, the source said. It is going up against Gray Television, which last week made a offer, also for $20 a share but in a combination of cash and stock. Private equity firm Apollo Global Management, which recently acquired stations from Cox, is also said to have made a bid.
A major shareholder — New York City Comptroller Scott Stringer — is pressuring Comcast to back down from its thorny legal battle with comedian-turned-TV producer Byron Allen — something the media mogul says he would welcome.
The black entrepreneur has gone after civil rights groups and other black leaders to make his case against Comcast. Some fear that protections dating to 1866 are in jeopardy.
After hearing arguments Wednesday, Supreme Court justices seemed to agree that an appeals court applied the wrong legal standard in allowing Entertainment Studios owner Byron Allen’s $20 billion race bias suit against Comcast to go forward.
Byron Allen’s racial discrimination case against Comcast Corp. heads to the Supreme Court today, where justices will consider Comcast’s argument that the case should hinge on two words: “but for.” Allen filed a $20 billion lawsuit against Comcast in February 2015, arguing that the nation’s largest cable operator was discriminating against his company, Entertainment Studios, by refusing to carry its seven lifestyle cable channels. Comcast maintained the decision was made strictly on business grounds because of the lack of audience demand for Allen’s channels.
Less than a week before Comcast and Department of Justice lawyers will face off against Byron Allen in the Supreme Court in the Entertainment Studios boss’ $20 billion discrimination lawsuit against the NBCUniverisal owner, Rep. Bobby Rush now wants the telecommunications giant brought down to size.
Allen is chief executive of television conglomerate Entertainment Studios, which recently partnered with Sinclair Broadcast Group, the TV station group owner that has drawn criticism for a perceived conservative bias. Asked whether Sinclair’s political bent concerns him, Allen says, “I don’t let that get in the way. There’s business and there’s politics. And we can put politics aside.”
While TV mogul Byron Allen alleges racism in refusing to license his niche channels, U.S. businesses worry that a win for him during the new Supreme Court term would increase legal costs and hurt their reputations.