Allen Media Group Ups Chris Malone To CFO

Allen Media Group (AMG) today promoted Christopher Malone to chief financial officer.

Malone joined AMG in June as executive vice president and head of corporate development. In his new position, he succeeds Bill Higgs, who held that title on an interim basis. A 16-year veteran executive with the company, Higgs will continue as executive vice president and chief financial officer of AMG’s Weather Group.

In his newly-elevated position, Malone will continue to help lead AMG senior management in M&A efforts and other corporate strategic initiatives encompassing capital markets, private equity, and credit. Malone will remain based at the AMG headquarters in Los Angeles.

Malone comes to AMG from his recent position as a Principal with Stellex Capital Management. He played an integral role in financing notable AMG transactions over the past five years, including the AMG acquisition of The Weather Channel in 2018, and the approximate $1 billion investment by AMG to acquire 27 ABC, NBC, CBS and Fox affiliates nationwide.

Prior to that, Malone was a director at Brightwood Capital and previously held investment analyst, private equity, and investment banking positions at RLJ Equity Partners, William Blair and Credit Suisse.

Malone earned a Bachelor of Science degree in finance from Hampton University and earned a Master of Business administration from Harvard Business School.