Hollywood Biz: Byron Allen offers $10 billion for Disney's ABC network & cable channels UPDATE: Serious layoffs

[playahaitian]

Media mogul Byron Allen offers $10B for Disney's ABC Network

It follows reports that Disney has also held exploratory discussions about selling ABC to regional TV station operator Nexstar Media, which owns cable news network NewsNation.

www.dailymail.co.uk

@ViCiouS

 

[playahaitian]

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[playahaitian]

Disney: Byron Allen bids $10B to buy ABC Network, television channels

Byron Allen, founder and CEO of the Allen Media Group, has bid $10 billion to acquire the ABC Network and other TV channels from Disney's (DIS) linear broadcast segment, according to a report from Bloomberg. This offer comes as Disney is also reportedly in preliminary talks with Nexstar Media...

finance.yahoo.com

 

[playahaitian]

Media mogul Byron Allen offers Disney $10 billion for ABC, cable TV channels

Disney CEO Bob Iger had signaled that the entertainment giant was open to selling some of its media assets.

www.cbsnews.com

 

[playahaitian]

Byron Allen, one of America's most prominent Black businessmen, just reportedly bid $10 billion for broadcasting giant ABC in a bold move that would cap a stunning M&A record

Byron Allen was once the youngest stand-up in the history of Johnny Carson's "Tonight Show." Now he's a mogul in the mix with Bob Iger's Disney TV sale.

fortune.com

 

[playahaitian]

Disney Fielding Interest In ABC And Other Linear TV Assets From Byron Allen And Nexstar; Media Giant Calls Reports Of Sale Talks “Unfounded,” But Will Consider “Strategic Options” – Update

UPDATED with details of Byron Allen bid. As Deadline reported Thursday, Byron Allen is interested in Disney’s linear TV assets, and overnight that interest progressed to a formal offer. Sourc…

deadline.com

 

[xxxbishopxxx]

Bryon Allen puts up 10 billion bid for several media properties

https://www.cbsnews.com/news/disney-byron-allen-10-billion-offer-abc-fx-national-geographic/ Let's see how the mouse responds

www.bgol.us

 

[jack walsh13]

DAMN!!!!

 

[bgbtylvr]

Flex on the white bitches.

 

[blackbull1970]

If he pulls it off, that’s a game changer right there.

 

[playahaitian]

If he pulls it off, that’s a game changer right there.

Apparently they already voting no behind the scenes

That's why Trotter lawsuit with alleged Jerry Jones quotes hitting so hard right now

 

[gene cisco]

Crazy shit. In the Desantis thread when I mentioned Disney media was in a bad place and was selling assets and looking for partners, cat told me I didn't know wtf I was talking about and how much Disney(media are) is winning. Here weeks later we got a thread on Disney selling ABC. When shit going well, it's BUY, BUY, BUY, and BUY some more. Not sell and look for partners.

Wonder what's the play with Byron here. What can he do with it that Disney can't.

 

[playahaitian]

Crazy shit. In the Desantis thread when I mentioned Disney media was in a bad place and was selling assets and looking for partners, cat told me I didn't know wtf I was talking about and how much Disney(media are) is winning. Here weeks later we got a thread on Disney selling ABC. When shit going well, it's BUY, BUY, BUY, and BUY some more. Not sell and look for partners.

Wonder what's the play with Byron here. What can he do with it that Disney can't.

^^^^^

 

[Helico-pterFunk]

Disney’s Downfall: The Rise and Fall of an Entertainment Giant

As Disney shifted to streaming, it seemed set up to dominate. But the stock is low, margins are down, and its streamer is losing money. What happened to America’s greatest entertainment company?

www.theringer.com

 

[playahaitian]

Jeffrey Katzenberg Confirmed to Present Award to Byron Allen at Visionary Ball in Beverly Hills

The event, scheduled to take place in Beverly Hills on Wednesday, will also feature performances by Smokey Robinson and Jay Leno, with hosting duties handled by Howie Mandel.

www.hollywoodreporter.com

 

[Politic Negro]

Getting all of the black money to come out

 

[furlough]

bruh may have bodied himself
hopefully dwight’s search for dirt comes up clean

 

[donwuan]

Crazy shit. In the Desantis thread when I mentioned Disney media was in a bad place and was selling assets and looking for partners, cat told me I didn't know wtf I was talking about and how much Disney(media are) is winning. Here weeks later we got a thread on Disney selling ABC. When shit going well, it's BUY, BUY, BUY, and BUY some more. Not sell and look for partners.

Wonder what's the play with Byron here. What can he do with it that Disney can't.

I don't get it homie. They had a bad quarter and decided to cut cost. Disney Plus has yet to turn a profit and they have been dumping money into it. ABC, Disney Channel, FX and National Geographic, not making money because of streaming and the writers strike. ESPN making money. They bought out Comcast’s one-third stake in Hulu for $8.61 billion, meaning that Disney will now own 100%. Parks sales up 30%. I don't get what's so funny?

 

[playahaitian]

Byron Allen’s Media Company to Undergo Layoffs

Allen Media Group, the owner of the linear TV Weather Channel, will cut employees across the company.

www.hollywoodreporter.com