Media mogul Byron Allen is making a major play in digital media. According to Variety, Allen is investing $120 million into BuzzFeed after acquiring a majority stake in the company. He is set to become CEO as part of the deal. On Monday, BuzzFeed confirmed that it had entered into a transaction agreement with Allen … Read more
McDonald’s has officially settled the $10 billion lawsuit brought by media mogul Byron Allen, ending a legal battle that accused the fast-food giant of racial stereotyping and intentionally excluding Black-owned media from its advertising budget. The lawsuit was filed by Allen’s companies, Entertainment Studios Networks and the Weather Group, and was set to go to … Read more
A federal judge has approved Black media mogul Byron Allen‘s $10 billion discrimination lawsuit against McDonald’s, which he accuses of unfairly advertising with Black-owned media companies. RELATED: NeNe Leakes Reportedly Dismisses Discrimination Lawsuit Against Bravo In 2021, Byron Allen, founder and CEO of Entertainment Studios/Allen Media Group, filed a racial discrimination lawsuit against McDonald’s, that same … Read more
Byron Allen is reportedly looking to try and buy BET again for $3.5 billion. If you recall, Allen, Tyler Perry, and Diddy were all in the running to try and purchase the media group. According to Deadline, Allen reportedly sent an email showing his interest by saying, “You are pursuing an inside sale at a … Read more
Congratulations to billionaire media mogul Byron Allen, who has bought himself a stunning $100 million home in Malibu, which is the most money an African-American man has ever spent on a property in the U.S. According to TMZ, the 11,000-square-foot four-bedroom estate is located in Paradise Cove and overlooks the Pacific Ocean, and includes a … Read more
Media mogul Byron Allen’s racial discrimination lawsuit has been approved by a federal judge after McDonald’s attempted to have it thrown out. RELATED STORIES:Â The New Wave? McDonald’s To Expand Testing Of “McPlant” Burger The lawsuit was approved by U.S. District Judge Fernando Olguin after he denied McDonald’s motion last Friday. Olguin said the motion was … Read more