UPDATED with deal close: Allen Family Digital, an affiliate of Byron Allen’s family office, has closed its deal to acquire to acquire a majority stake in digital media company Buzzfeed with Byron Allen becoming chairman and CEO. Current chief executive and co-founder Jonah Peretti will transition to a newly created role as president of BuzzFeed […]

How to make big, well, some bucks in late night? According to CBS, the trick is to cancel your traditional show and lease the time to someone else. The Paramount Skydance broadcast outlet, which has been grilled for weeks over its decision to oust Stephen Colbert and cancel its long-running “Late Show,” says the move […]

Media entrepreneur and stand-up comedian Byron Allen now is the majority owner of BuzzFeed — the struggling digital media player that Allen plans to use to launch a free-streaming platform that he imagines will rival video colossus YouTube. “Our vision is to build on the iconic foundation of BuzzFeed and HuffPost by expanding into free-streaming […]

Amid continuing speculation about political motivation behind CBS’ decision to cancel The Late Show With Stephen Colbert and a soft ratings start for its successor, Byron Allen’s Comics Unleashed, the network issued a statement Thursday. In it, CBS for the first time revealed the balance sheet for The Late Show, claiming that it lost about […]