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Byron Allen Wants Starz

DToTheJ

DToTheJ

The entrepreneur who already owns The Weather Channel and a handful of TV stations across the country has his sights set on the cable network, in which he owns 11%.

They may say “Byron, you can come in here and put capital in here and you can be the largest stockholder,” which would be my preference. I’d like to keep it public. They may resist. If they resist, that may force me to buy the whole damn thing.
www.hollywoodreporter.com

Byron Allen Bought BuzzFeed. He Wants Starz Next

The mogul went to the bargain bin to snap up a Millennial media brand. That's just one part of his plan.
www.hollywoodreporter.com www.hollywoodreporter.com
 
thedesk.net

Byron Allen: Layoffs in TV division were "thoughtful, humane"

May 14, 2026 - Byron Allen was unconcerned about layoffs at his local TV stations because the economy rebounded to the point where there were "plenty of jobs."
thedesk.net thedesk.net

Here is more from Byron Allen.

New BuzzFeed owner Byron Allen justified prior layoffs in his linear television business several years ago by saying improvements in the overall economy meant there were more positions for people who lost their jobs at his company.

In a wide-ranging interview with the Hollywood Reporter, Allen said he should get credit for hiring people during growth phases of his business while maintaining jobs during the two-year coronavirus health pandemic, though he acknowledge the layoffs that came after the pandemic were the byproduct of shifts in the overall media business.

“That’s just rightsizing, I’m no different than any media company that’s going through a transition,” Allen said. “If we have declines in linear spending, then we rightsize it.”

It wasn’t always like this: Allen was happy to point out where his wins in the business separated himself from the pack — by his own admission, he spent $1 billion acquiring local TV stations, which generated $100 million in political advertising during the last election cycle. Where things go wrong, it’s not related to his business decisions — it’s a symptom of broader media trends that are affecting everyone in the space.
Click to expand...
 
I hope the Starz board says no to Byron Cheapskate Allen why do the banks loan him the money to buy media he had no business to buy broadcast TV, which he now wants to unload and sell which he has 18 more stations to sell. Byron Allen is a wannabe media mogul.
 


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