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Byron Allen

All articles tagged with #byron allen

entertainment1 day 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

entertainment3 days ago•11 min saved

Byron Allen’s Comics Unleashed Lands in CBS’s 11:35 Slot With Familiar Lineup

CBS has released the first guest lineup for Byron Allen’s Comics Unleashed in the 11:35 p.m. slot, signaling continuity with the show's familiar format rather than a star-driven reboot; the premiere night features Hannah Dickinson, Mark Smalls, Lance Woods, and Joe Sib, with a rotating roster of working comics throughout the week, and the program will continue its half-hour new episode followed by a repeat, under Allen Media Group’s time-buy deal with CBS.

via LateNighter|

#1135-slot #byron-allen #cbs

television4 days ago•22 min saved

CBS Replaces The Late Show With Comics Unleashed, Elevating Byron Allen’s Syndicated Panel TV

CBS is canceling The Late Show and replacing it with Comics Unleashed, Byron Allen’s long-running syndicated panel show funded by ad buys, signaling a shift away from traditional network late-night. The piece traces Allen’s career, the show’s production model and history, and frames Stephen Colbert’s farewell as emblematic of a changing TV landscape where late-night persists in new forms rather than in a conventional network slot.

via AV Club|

#byron-allen #cbs #comics-unleashed

business4 days ago•6 min saved

Allen restructures late-night with CBS lease for Comics Unleashed and BuzzFeed ties

Byron Allen will lease CBS’s 11:35 p.m. slot for 16 months to move Comics Unleashed into Colbert’s time, with Allen selling the ads and CBS receiving a profitability guarantee. He says he isn’t trying to replace Colbert and highlights the deal as a springboard for his broader media ambitions, including BuzzFeed, HuffPost, Tasty, and the Weather Channel, plus AI initiatives. He emphasizes non-political, joke-focused content and cross-promotion between his properties to grow audiences and revenue.

via The Guardian|

#business #buzzfeed #byron-allen

entertainment9 days ago•12 min saved

Allen Promises Politics-Free Late Night in Colbert Replacement

Byron Allen says Comics Unleashed, which will replace Stephen Colbert’s Late Show time slot, will avoid politics and topical humor, focusing instead on being funny and non-offensive. He told CNN (via Michael Smerconish) that he’s following Norman Lear’s model of using comedy to bring people together and that he won’t weigh in on viewers’ political choices. CBS will lease Colbert’s time slot to Allen’s company, debuting May 22, as Allen emphasizes entertainment over political commentary.

via Mediaite|

#byron-allen #comics-unleashed #entertainment

market-news14 days ago•16 min saved

Allen to Acquire Majority BuzzFeed Stake, Takes Control of BZFD

Media entrepreneur Byron Allen agreed to acquire a majority stake in BuzzFeed for $120 million and will become CEO, a move that sent BZFD shares higher after-hours; BuzzFeed has faced profitability challenges with a Q1 loss of $15.1 million on $31.6 million in revenue, and closing is expected by end of May 2026 via $20 million cash at closing plus a $100 million promissory note at 5% over five years, as Allen aims to turn the company around.

via TipRanks|

#buzzfeed #byron-allen #bzfd

business14 days ago•18 min saved

Byron Allen Seizes BuzzFeed in $120 Million Buyout, Lands CEO Role

Byron Allen is purchasing BuzzFeed for $120 million, taking a 52% majority stake and the CEO role from founder Jonah Peretti, while Peretti shifts to lead BuzzFeed AI and related ventures. The deal funds include $20 million in cash and a $100 million promissory note due five years after close, with closing expected in May. BuzzFeed has faced declining advertising revenue and losses, and Allen’s takeover could pivot the company toward free streaming video and AI-driven content, including potential spin-offs of assets like Tasty as part of a broader restructuring. The sale marks a dramatic drop from BuzzFeed’s peak valuation during the IPO era, signaling a new path for the digital media company in a changing landscape.

via The Hollywood Reporter|

#ai-strategy #business #buzzfeed

business14 days ago•4 min saved

Allen to Acquire BuzzFeed and HuffPost, Rebooting Digital Media

Byron Allen's Allen Family Digital agreed to buy a 52% stake in BuzzFeed for $120 million (40 million shares at $3) with $20 million upfront and $100 million due in five years, and will also take over HuffPost. Allen becomes chairman and CEO; HuffPost will be included; BuzzFeed AI leadership to be led by Jonah Peretti as president of BuzzFeed AI; BuzzFeed Studios and Tasty to spin off; deal aims to expand into free streaming video and digital content while cutting costs ahead of the takeover.

via Los Angeles Times|

#business #buzzfeed #byron-allen

business15 days ago•3 min saved

Byron Allen to Lead BuzzFeed After Securing Controlling Stake

Media entrepreneur Byron Allen will acquire a majority stake in BuzzFeed and assume CEO and chair roles, with Jonah Peretti becoming president of BuzzFeed AI; Allen Family Digital will own 52% of shares for about $120 million ($3 per share), funded by cash at close and a five‑year promissory note, as BuzzFeed seeks liquidity, cost cuts, and a path forward amid debt and Nasdaq delisting risk.

via Axios|

#acquisition #business #buzzfeed

business15 days ago•4 min saved

By Byron Allen Wins Majority BuzzFeed Stake in a $120 Million Bet on a Fading Digital Era

Byron Allen agreed to acquire 52% of BuzzFeed for $120 million (roughly $20 million upfront and $100 million due in five years with interest), a deal that comes as BuzzFeed faces declining revenue, mounting losses, and a going-concern note. The move underscores the waning value of 2010s digital publishers and signals Allen’s plan to expand into free streaming video and other formats, while also potentially leveraging BuzzFeed content on CBS and, for at least a year, programming the CBS late-night slot left vacant after Colbert’s departure.

via Business Insider|

#business #buzzfeed #byron-allen

business15 days ago•4 min saved

Media mogul Byron Allen takes controlling stake in BuzzFeed, reshaping leadership and strategy

Byron Allen’s Allen Media Group is acquiring a 52% stake in BuzzFeed for $120 million, installing Allen as CEO and chairman and moving co-founder Jonah Peretti to president of AI; the financing includes $20 million cash at closing and $100 million later at 5% interest, as BuzzFeed contends with debt and losses and pushes for growth in streaming, user-generated content, and expanded HuffPost coverage while spinning its film/TV division into an independent entity.

via The New York Times|

#business #buzzfeed #byron-allen

business15 days ago•17 min saved

Allen to Buy BuzzFeed for $120M, Named CEO in AI-Driven Expansion

Media executive Byron Allen is acquiring a majority stake in BuzzFeed for $120 million and will become CEO and chairman, with Jonah Peretti moving to president of BuzzFeed AI; the deal, expected to close by the end of May 2026, would give Allen about 52% ownership and aim to expand BuzzFeed and HuffPost into free streaming video, audio and user-generated content, while establishing BuzzFeed Studios and a separate Tasty entity and pursuing cost reductions.

via Variety|

#acquisition #business #buzzfeed

entertainment19 days ago•5 min saved

Colbert Responds Gracefully to CBS's Late Show Changeover

Stephen Colbert says he was blindsided by CBS's plan to sunset The Late Show and be replaced by Byron Allen's Comics Unleashed, but congratulates Allen, recalls Allen's Tonight Show milestone, and emphasizes he hopes The Late Show will be remembered as a comedy program as he nears his May 21 finale.

via E! News|

#byron-allen #comics-unleashed #entertainment

entertainment19 days ago•3 min saved

Colbert congratulates Byron Allen as CBS reshuffles late-night with Comics Unleashed

Stephen Colbert said he congratulated Byron Allen after CBS announced Comics Unleashed will take over the 11:35 p.m. slot once The Late Show ends, with Colbert noting the change and joking about asking Carson to drop Allen a note. CBS framed the move as a financial decision, and Comics Unleashed will begin the following day after Colbert’s May 21 finale; Allen’s show has been airing in that slot and CBS is exploring other late-night ideas. Colbert also shared that he’s developing a Lord of the Rings film with his son and Philippa Boyens and expressed interest in Pope Leo XIV as a dream guest.

via USA Today|

#byron-allen #cbs #comics-unleashed

entertainment19 days ago•11 min saved

Colbert Graciously Welcomes Byron Allen’s Late-Night Slot Move

Stephen Colbert, in a Hollywood Reporter cover story, greets Byron Allen’s CBS late-night replacement with “God bless him,” noting they know each other and that he even texted Allen to congratulate him. Allen’s Comics Unleashed will take the 11:35 p.m. slot (with Funny You Should Ask joining the lineup), a revenue-positive move for CBS that shifts the network’s entire late-night block as Colbert prepares his finale.

via LateNighter|

#byron-allen #cbs #comics-unleashed