Byron Allen gets the Colbert timeslot

[michael hagerty]

With places like Georgia trying to get movies from LA...

California has been fighting back for a few years now:

and Computer Graphics in movies there will be unused space somewhere in LA.

Yes, but would that space fit the needs of a late-night show? Office space for a staff of 150-200, post-production in-house, sufficient space for performances and audience? And if you're doing a show with an audience, that stage needs to be accessible and have sufficient parking.

A stage deep into the lot at Paramount isn't going to cover that.

But back to the original thread subject, where is the the accounting that shows $40 million a year loses?

It doesn't exist and the only people who seem to believe it are the people who are happy Colbert's gone and CBS is being re-directed.

 

[secondchoice]

It doesn't exist and the only people who seem to believe it are the people who are happy Colbert's gone and CBS is being re-directed.

I will bet these the same people that believe Trump won the 2020 election.

 

[secondchoice]

What happens if Allen can't pay?

 

[michael hagerty]

What happens if Allen can't pay?

Byron?

Not gonna happen. Essential pull-quote:

In 2023, he offered Disney a reported $10 billion for ABC and some of its cable networks, and the following year bid $30 billion for Paramount Global. He also made plays for Tegna and BET.

None of his offers succeeded, prompting skepticism about his ability to finance such deals. Allen Media Group is wholly owned by the entrepreneur.

Allen dismissed such concerns. “I raised the money to buy the Weather Channel in one day,” he said. “There’s trillions of dollars looking for really good executives and really good deals. I have no problem raising capital.”

The Times viewed multiple letters from private equity firms and banks. Several indicated that Allen had financial backing on the deal to buy BET, and another showed he had $4 billion in funds to back the purchase of Paramount assets.

‘I didn’t want to work for anybody’: Inside Byron Allen’s journey from comic to media mogul

A relentlessly driven, shrewd deal-maker and entrepreneur, Allen is used to defying skeptics and seeing opportunity in assets overlooked by others.

www.latimes.com

 

[secondchoice]

Allen media is privately held so anything we say is just guessing, but according to Wikipedia June 2025 he announce publicly that he was "exploring strategic" options and planed to sell TV stations in 21 markets due to "financial woes and rising debt.".

Sometimes it doesn't work out. Ted Turner's growth wasn't without some bumps. But no risk no gain.

 

[michael hagerty]

Allen media is privately held so anything we say is just guessing, but according to Wikipedia June 2025 he announce publicly that he was "exploring strategic" options and planed to sell TV stations in 21 markets due to "financial woes and rising debt.".

And more recently (April of this year), Allen Media bought seven stations from Gray TV (who bought those 21 stations in 2025):

Byron Allen’s Allen Media Will Buy 7 Stations From Gray TV for $380 Million - Allen Media Group

By Brian Steinberg Byron Allen’s Allen Media has agreed to buy seven TV stations from Gray Television Inc. for $380 million in cash, the companies announced Thursday. Gray is divesting the stations as a condition of acquiring the assets of Quincy Media Inc. Allen Media will own...

allenmedia.tv

Look, anything can happen in business. But the check he writes to CBS for 11:35 at night every year is lunch money.