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By Dade Hayes Advertising giants GroupM and Interpublic Group have agreed to invest in Black-owned media companies following more than a year of campaigning by a group led by Byron Allen. GroupM, which is owned by WPP, is one of a handful of major holding companies controlling tens of billions of dollars in advertising....

By Jon Lafayette Stations are being divested by Gray TV, which is buying Quincy Byron Allen’s Allen Media Broadcasting has agreed to buy TV stations in seven markets for $380 million, expanding Allen’s growing broadcast holdings. Allen has said he plans to invest $10 billion in broadcast assets. The...

By Etan Vlessing Byron Allen’s Allen Media Broadcasting has acquired seven divestiture TV stations from Gray Television for $380 million. Gray spun the TV stations off as part of a separate deal to acquire Quincy Media for $925 million. The affiliate stations picked up by Allen Media...

By Patrick Hypes Gray Television said Thursday that it has sold seven television stations to Byron Allen’s Allen Media Broadcasting for $380 million in cash, part of a divestiture related to Gray’s purchase earlier this year of Quincy Media. The deal expands Allen Media’s portfolio to 23 ABC-NBC-CBS-Fox network...

Bloomberg Technology Click here to watch Byron Allen's interview on Bloomberg TV Byron Allen, founder, chairman and CEO of Allen Media Group, says online streaming services are 'easily chasing' four billion connected devices worldwide and that the appetite for more content is 'insatiable.' He also talks about...

By Diane Haithman “Free is everybody’s favorite price,” Allen says of Local Now, streaming premium content plus local news “geo-fenced” to your zip code Following the pandemic surge in paid subscribers for streaming services, media entrepreneur Byron Allen believes the time is right for Local Now, a streaming service that...