Allen, Colbert and CBS
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During a May 19 visit, Allen told employees he wants HuffPost journalists to remain fearless, outspoken and committed to the truth.
TV and media entrepreneur Byron Allen is taking a majority stake in BuzzFeed — investing $120 million in the digital media company — and will become CEO. BuzzFeed announced it has entered into a transaction agreement with Allen Family Digital,
Inside the billionaire's plan to mash up BuzzFeed, HuffPost, and Starz into a free-and-paid streaming empire that could shake up Hollywood TV deals.
CNBC's "Power Lunch" team is joined by media mogul Byron Allen to discuss how he making power moves in the industry. Allen is founder, chairman and CEO of Allen Media Group. Jonah Peretti, co-founder of BuzzFeed and the HuffPost,
BuzzFeed was supposed to be the future of media. But that future wasn't supposed to be a last-ditch sale.
Comedian-turned-media mogul Byron Allen plans to transform the once high-flying outlet into a streaming juggernaut to compete with YouTube.
Byron Allen, whose "Comics Unleashed" is taking over Stephen Colbert's "Late Show" time slot, says the two got breakfast after the decision.
After BuzzFeed announced on Monday that Byron Allen is acquiring a majority stake for $120M, former employees are taking the news hard, at the once high-flying media darling.