Byron Allen Expands Media Empire With $120M BuzzFeed Purchase
Buzzfeed founder Jonah Peretti says the deal will bring “significant changes.”
Buzzfeed founder Jonah Peretti says the deal will bring “significant changes.”
Allen’s AMG Media Group has stations in 21 different media markets.
The outlet has eliminated several positions, including managing editor.
Allen previously bid on the company earlier this year.
The company offered a majority stake in the brand in March 2023.
Hair was president of the now-defunct Black News Channel.
The film has been greenlit by Byron Allen’s Allen Media Group Motion Pictures.
The series titled ‘Justice for the People With Judge Milian’ launches in the fall.
‘The People’s Court’ and ‘Judge Mathis’ were both canceled last week.
The veteran journalist will also remain in her role as a political analyst for CNN.