Tag

Byron Allen

All articles tagged with #byron allen

business28 days ago•3 min saved

BuzzFeed Cuts 180 Jobs as New Owner Reshapes the Media Company

BuzzFeed laid off about 180 employees—roughly a third of its staff—under new owner Byron Allen to curb losses; the cuts hit HuffPost, Tasty, and BuzzFeed’s film/TV studio, part of a larger debt-and-losses restructuring after Allen’s $120 million takeover. Founder Jonah Peretti stepped aside to focus on artificial intelligence initiatives via a Branch Office subsidiary, while Allen aims to fuel growth in streaming and user-generated content.

via The New York Times|

#ai #business #buzzfeed

business28 days ago•16 min saved

BuzzFeed Cuts 35% of Workforce After Byron Allen Takes Majority Control

BuzzFeed is slashing about 35% of its workforce—roughly 180 roles—across the company as Byron Allen closes a 51% stake for $120 million and plans to merge BuzzFeed and HuffPost with Allen Media Group’s Local Now streaming service to build a free, ad-supported platform. The layoffs aim to boost profitability and cash flow, with expected charges of $6.5–$8.5 million in Q3 2026 and annualized savings of $29–$32 million; BuzzFeed had 507 employees at end-2025.

via Variety|

#business #buzzfeed #byron-allen

entertainment1 month ago•17 min saved

Byron Allen Funds Nolan Wells Family GoFundMe, Tyler Perry Covers Funeral

Media mogul Byron Allen donated $100,000 to Nolan Wells’ GoFundMe after the 18-year-old went missing and was found dead following a July 4 boating trip to Horn Island; Tyler Perry agreed to cover the family’s funeral costs, Rev. Al Sharpton will lead the service, and Colin Kaepernick plans to pay for an independent autopsy, as the GoFundMe approaches its $750,000 goal with donations from other celebrities.

via Variety|

#byron-allen #entertainment #funeral

industry2 months ago•33 min saved

CBS Late-Night Pivot Dampens the Network's Schedule

After Stephen Colbert’s exit, CBS leased the 11:35 p.m. slot to Byron Allen for Comics Unleashed, but Nielsen data show late-night ratings collapsed—down about 64% from Colbert’s end—raising concerns that the loss could drag down CBS’s morning shows and local news, even as ABC’s Jimmy Kimmel absorbs some of Colbert’s former audience; CBS defends the arrangement as a more profitable time-buy despite the slump.

via The Daily Beast|

#byron-allen #cbs #cbs-news

celebrity2 months ago•30 min saved

Allen Defends CBS Late-Night Amidst Ratings Drop After Colbert Exit

Byron Allen pushes back on the Daily Beast’s rating-dip story about Comics Unleashed after replacing Stephen Colbert, arguing the decline is being overstated and highlighting CBS’s cost-cutting time-buy deal that shifts the slot toward profit. Nielsen data still shows The Late Show outperforming rivals in the same timeslot, while Allen touts wins in select markets and frames the arrangement as a strategic financial move rather than a failure.

via The Daily Beast|

#byron-allen #cbs #celebrity

industry-news2 months ago•36 min saved

Kimmel Reigns on First Post-Colbert Night as Late-Night Shakeup Unfolds

On the first night without Stephen Colbert, ABC’s Jimmy Kimmel Live! dominated the 11:35 p.m. slot with 2.185 million viewers (295,000 in 18–49), while NBC’s Jimmy Fallon drew 1.301 million (194,000 18–49) and CBS’s Comics Unleashed fell to 628,000 (82,000 18–49) under Byron Allen’s time-buy arrangement; the shift highlights CBS’s pivot away from Colbert’s era and has Oliver mocking the replacement as the post-Colbert late-night landscape takes shape.

via The Daily Beast|

#byron-allen #industry-news #jimmy-fallon

business2 months ago•2 min saved

CBS flips late-night loss into a $15M profit with Byron Allen time-buy

CBS says the time-buy deal with Byron Allen’s Allen Media Group turns a $40 million annual loss for The Late Show into about $15 million in profit, a $55 million swing, as Allen pays for the slot, covers production, and sells his own ads; early ratings for Comics Unleashed hovered around 1.1 million, well below Colbert’s finale, fueling ongoing speculation about political motives behind the show’s ouster.

via TV Insider|

#business #byron-allen #cbs

business2 months ago•14 min saved

CBS's $55M Late-Night Swing With Byron Allen: The Real Math Is Messier

CBS says its 11:35 time-buy with Byron Allen turns what it calls a roughly $40 million annual loss for The Late Show into about $15 million in profit, a $55 million swing, but the figures hinge on what is counted—whether only production costs against national ads or broader value like affiliate fees and local revenue. The article notes that Comics Unleashed’ (Allen’s show) performs far below Colbert’s ratings, raising questions about whether the savings justify the move, since ratings still influence affiliates, advertisers, and downstream viewing habits. Nielsen updates show Colbert’s finale drew strong total viewers while Comics Unleashed posted modest demo numbers, underscoring the ongoing tension between ratings and the economics of modern late-night.

via LateNighter|

#business #byron-allen #cbs

media2 months ago•9 min saved

CBS flips late-night economics: $55 million from Colbert exit and Allen slot

CBS says it will net about $55 million by canceling Stephen Colbert’s Late Show and leasing the timeslot to Byron Allen’s Comics Unleashed for a flat $15 million, arguing the move cuts a $40 million annual loss and avoids reliance on performance-based ad revenue; Colbert’s final run drew more viewers than Allen’s show, which debuted at about 1 million. The piece also covers Trump-supported events prompting artist defections from the Freedom 250 State Fair, Ronny Chieng’s blunt Harvard AI critique, and ABC’s early FCC renewal filing amid DEI scrutiny, with Disney arguing the move threatens free and independent journalism.

via AV Club|

#byron-allen #cbs #comics-unleashed

business2 months ago•18 min saved

CBS Turns Late-Night Profit With Byron Allen Time-Buy Deal

CBS says its new time-buy deal with Byron Allen will convert late-night from a roughly $40 million annual loss into about $15 million in profit. Under the arrangement, Allen covers all production costs and CBS charges a fixed fee for the time slot, while Allen sells the ads; the network’s fee isn’t dependent on ratings. The move follows Stephen Colbert’s departure and a broader dip in late-night ad spending, illustrating a shift of attention and dollars toward digital media. Allen’s debut in Colbert’s former slot drew modest ratings compared with Colbert’s finale.

via Variety|

#business #byron-allen #cbs

business2 months ago•17 min saved

CBS Details Byron Allen Time Buy, Cuts Late-Night Loss

CBS disclosed that The Late Show with Stephen Colbert loses about $40 million per year, and that Byron Allen’s Comics Unleashed operates under a 'time buy' in which Allen pays CBS about $15 million annually to lease the 11:30 PM hour and sell the ads himself, a structure CBS says turned the hour from a loss into a profit (a roughly $55 million swing). The revelation comes amid ongoing debate over Colbert's cancellation and the successor's early ratings; Comics Unleashed drew about 878,000 viewers across two half-hours, far below Colbert's finale's 6.74 million, underscoring the challenges in late-night television.

via Deadline|

#business #byron-allen #cbs

business2 months ago•16 min saved

CBS Late Night Turns Profit Under Byron Allen’s Time-Buy Plan

CBS says its late-night hour will turn a $15 million profit thanks to Byron Allen’s time-buy of the former Late Show slot, with Allen covering production costs and selling advertising; the move comes as Comics Unleashed debuts to about 1.1 million viewers and aligns with Allen’s broader strategy, including BuzzFeed acquisition and plans to expand into free-streaming video, audio and AI-driven content.

via The Hollywood Reporter|

#business #byron-allen #cbs

entertainment2 months ago•2 min saved

Comics Unleashed Debuts in Colbert’s Slot to Slump in Ratings

Byron Allen’s Comics Unleashed premiered in the 11:35 pm Late Show slot after Stephen Colbert’s finale, drawing 995,000 total viewers and 116,000 in 18–49—a roughly 85% drop from Colbert’s final episode (which drew over 6.7 million)—and well below Fallon and Kimmel; Allen says he’s not trying to replace Colbert and emphasizes the show’s own audience and local-market performance.

via TV Insider|

#byron-allen #comics-unleashed #entertainment

ratings2 months ago•17 min saved

Comics Unleashed Debut on CBS Lands 995K Viewers, Lagging Colbert Finale

Byron Allen’s Comics Unleashed kicked off its CBS 11:35 p.m. run with a panel-only Live+Same Day average of 995,000 total viewers (116,000 in 18–49) for the first half-hour, then 600,000 total (55,000 in 18–49) in the second half-hour. Compared to Stephen Colbert’s finale (6.7 million total, 1.1 million 18–49), the debut was down about 85% in total viewers and 95% in the 18–49 demo. National numbers also trailed Fallon and Kimmel, though Allen’s camp touts stronger local-market performances in many markets. The show’s low-cost, pay-for-time model and delayed-viewing data later this week will influence how its ratings are viewed long term, amid broader late-night scheduling quirks and overrun-adjusted airings.

via LateNighter|

#byron-allen #cbs #comics-unleashed

entertainment3 months ago•2 min saved

Allen Not Replacing Colbert: Comics Unleashed Goes Politics-Free in Late Show Slot

Byron Allen says he isn’t trying to replace Stephen Colbert as Comics Unleashed takes over the 11:35 p.m. slot with a politics-free, joke-focused format; CBS and Paramount have not issued restrictions, and Allen emphasizes the show has its own audience built over 20 years. He praises Colbert as an American treasure and notes there’s no plan to target Colbert’s audience, stressing the goal of uniting viewers through comedy after Colbert’s final episode on May 21. Comics Unleashed airs weeknights at 11:35 p.m. ET.

via TV Insider|

#byron-allen #cbs #comics-unleashed